January markets spell decline for Swiss assets

Total assets in investment funds in Switzerland fell during January to CHF873.4bn (€790bn), as prices fell and investors withdrew money from funds, according to figures from the Swiss Fund and Asset Management Association (SFAMA).

With net outflows through the month of some CHF1.2bn, the overall fall of CHF18bn recorded against the same period last year represented a 2% year-on-year decline.

Bond funds accounted for the biggest share of total net outflows, with some CHF937.5m withdrawn. Money market funds saw CHF597.3 withdrawn, and alternative funds CHF227.5m.

Other fund categories saw net inflows; CHF64.7m to equity funds, CHF277m to asset allocation funds, and CHF175m to commodity funds.

According to the SFAMA data, the top providers by market share in January were UBS (26.38%), Credit Suisse (16.14%), Swisscanto (9%), Pictet (5.47%) and BlackRock (4.7%).

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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