Swiss fund market grows by 17.7% yoy
The Swiss fund market has grown by CHF163.2bn (€138.55bn) in 2017 representing an increase of 17.7% compared to the previous year.
In terms of net inflows, the Swiss fund industry attracted CHF90bn (€76.4bn) last year bringing the total number of assets to CHF 1.085.4trn (€902.000bn), according to the latest data provided by Swiss Funds & Asset Management Association SFAMA.
Bond funds attracted the strongest levels of inflows last year (CHF 49.3bn / €41.85bn), followed by equity funds (CHF14.2bn / €12.05bn) and money market funds (CHF13.4bn / €11.38bn). Nevertheless, equity funds continue to hold the largest share of the market (42,92%), followed by bond funds 31.23%, asset allocation (11.71%) and money market vehicles (6.85%).
“The Swiss fund market enjoyed pleasing growth last year. Fund volumes remained above the CHF 1 trillion mark from July 2017 onwards, hitting one high after another. This increase came primarily on the back of the positive performance on the financial markets, but is also testament to the trust placed by investors in funds. This is borne out by the fact that they also invested some CHF 90 billion of new money in funds on balance over the year, with bond funds attracting by far the most of this,” said Markus Fuchs, managing director of SFAMA.
The list of most successful providers was dominated by local names, with UBS (25.62%), Credit Suisse (15.56%) and Swisscanto’s (8.02%) assets combined covering almost half of the local market share, followed by BlackRock (5.94%), Pictet (5.29%) and GAM (3.22%).