Baron Funds Comments on Julius Baer Group Ltd.

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Jun 22, 2017

We think Swiss private bank Julius Baer Group Ltd. (XSWX:BAER) is also well positioned to benefit from higher rates globally. The firm is one of the leading independent private banks, with over 5,800 employees and AuM of over CHF300 billion. Longer term, we think Julius Baer will be among the winners in the global private banking industry given its presence in fast growing geographies, stellar reputation, and scale, which we think will lead to solid net-new money growth. In addition to being positively levered to higher rates, the firm is highly cash generative, which offers strategic flexibility, including the opportunity to increase dividends, buy back shares, or engage in accretive acquisitions.

From Baron Insights: Banking on Growth in International Financials.