Invested assets and net new money (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure Of Invested Assets And Net New Money Tables [Line Items]

Invested assets and net new money

Invested assets and net new money

As of or for the year ended

USD bn

31.12.24

31.12.23

Fund assets managed by UBS

639

624

Discretionary assets

2,213

1,996

Other invested assets

3,235

3,094

Total invested assets

1

6,087

5,714

of which: double counts

503

461

Net new money

1,2

52

80

1 Includes the share of net new money and invested assets relating to associates in the Asset Management business division. 2 Includes double counts.

Development of invested assets

Development of invested assets

USD bn

2024

2023

Total invested assets at the beginning of the year

1,2

5,714

3,981

Net new money

52

80

Market movements

3

542

428

Foreign currency translation

(155)

91

Other effects

(67)

1,134

of which: acquisitions / (divestments)

(6)

1,180

of which: the acquisition of the Credit Suisse Group

1,205

Total invested assets at the end of the year

1,2

6,087

5,714

1 Includes the share of net new money and invested assets relating to associates in the Asset Management business division. 2 Includes double counts. 3 Includes interest and dividend income.