Steady growth in Swiss fund inflows
As of the end of February 2012, the total volume of assets in investment funds covered by statistics compiled by Swiss Fund Data AG and Lipper stood at CHF654.6bn, an increase of CHF14.5bn month-on-month.
Funds for institutional investors accounted for some CHF243.6 bn of this total of just under CHF655 bn.
“The total fund volumes figure is well on the way to returning to the high set last year at CHF670 bn, provided the brighter mood on the capital markets prevails. Equity funds in particular have been able to largely recoup the losses suffered from outflows last year,” explained Dr. Matthäus Den Otter, CEO of the Swiss Funds Association, SFA.
By comparison, the figures for the major indices were as follows: Dow Jones +2.5%, S&P 500 +4.1%, and SMI +2.3%. The EUR gained around 0.1% against the CHF, while in the case of the US dollar there was a drop of -1.6%.
Net inflows amounted to CHF1.9bn in February 2012. Equity and bond funds accounted for nearly all of this amount. And with a market share of 32% each, they make up two thirds of the overall market. The categories Equity Emerging Markets Global, Bond CHF, Equity Switzerland, Money Market USD and Bond USD attracted the most new money.
Meanwhile, money market funds posted outflows overall due to switches. There were no changes among the fund categories, with Bond CHF (market share: 10.77%), Equity Global (6.35%), Equity Switzerland (5.75%), and Commodities (5.39%) still out in front.
The Top 10 providers on the Swiss fund market are UBS, Credit Suisse, Pictet, Swisscanto, Zürcher Kantonalbank, Swiss & Global Asset Management, Lombard Odier, Clariden Leu, Zurich and BlackRock, according to the data.