Fund Market Statistics: Slight uptrend persisting in Swiss market

In May 2013, the volume of assets placed in the investment funds
covered by the statistics compiled by Swiss Fund Data AG and Lipper reached around CHF763bn, a slight rise of CHF2.6bn month-on-month.

This represents a marked increase of just under CHF100bn year-on-year. There were net outflows totaling CHF872m.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF762.5bn in May 2013 (April 2013: CHF759.9bn), with funds for institutional investors accounting for some CHF296.3bn of this figure.

The total volume has thus increased by CHF97.7bn in the past twelve months, with the share of institutional funds up by CHF49.1bn.

“For a year now, the overall volume has been increasing month by month, albeit only slightly in May. This has come primarily on the back of the appreciation of assets held by equity funds owing to the higher stock market prices.

“The development of net asset flows is similar to that seen in the EU: bond funds have profited from marked inflows, while there have been
withdrawals from equity funds. Uncertainty as to whether the equity rally will persist was reflected in redemptions in May,” said Dr. Matthäus Den Otter, CEO of the Swiss Funds Association SFA.

By comparison, the figures for selected indexes in May 2013 were as follows:

Dow Jones +1.86%, S&P 500 +2.08%, and SMI +0.52%. The CHF lost 1.43% against the EUR and 5.10% against the USD.

Net asset outflows amounted to CHF871.5m in May 2013. Bond funds posted inflows of more than CHF3bn, but this figure was nearly matched by the withdrawals from equity funds and commodity funds. US Equity alone accounted for half the outflows from equity funds.

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