Swiss fund industry celebrates record growth
The Swiss fund industry grew to CHF891bn (€813.17bn) in 2015 an increase of more than CHF 16 billion or just under 2% year-on-year, the Swiss asset management industry organisation Sfama reports.
“With some hefty price swings on the financial markets over the year, 2015 tested investors’ nerve. Pronounced currency fluctuations, the abandoning of the CHF minimum exchange rate vs the EUR, several flash crashes on the bond markets, the crisis in Greece, the Chinese stock market’s roller coaster ride, and terrorist attacks across the globe led to heightened volatility.
“It is therefore all the more pleasing that fund volumes increased by more than CHF 20 billion, with funds in Switzerland attracting more than CHF 40 billion in new money overall. This is testament to the steadily high level of trust investors have in this product class”, explained Markus Fuchs, managing director of Sfama.
According to Sfama, equities and bonds remained the most popular asset classes, with equity funds constituting 41.28%, bond funds 31.31%, asset allocation funds 12.03% and money market funds 7.03% of the market share.
Equity and bond funds attracted the most new money, CHF 16.9 bn (€15.4bn) and CHF 12.8 (€11.68bn) bn respectively) while money market funds and real estate funds recorded outflows of – CHF 1.3bn (€.19bn) and – CHF 0.03 bn (€0.27bn).
In terms of providers, UBS continues to hold the biggest market share, at 26.32%, followed by Credit Suisse, at 16.07%, Swisscanto at 8.90% and Pictet at 5.45%, BlackRock is the main foreign asset manager present in the Swiss market, with a market share of 4.73%.