Swiss AUM slightly down as investors turn to equities, says SFA

In April 2012, the volume of assets placed in the investment funds covered by the statistics stood at some CHF 659bn (€548bn), down slightly by around CHF 1.4bn month-on-month.

The net inflows of assets (CHF 6.7bn) were almost sufficient to offset the market-related decline in volumes, the SFA said in a statement. Inflows were spread across all fund categories.

Net inflows amounted to CHF 6.7bn in April 2012. These largely benefited equity funds, which have a market share of just under 34%. Bond funds also posted net inflows, attracting CHF 1.2bn. Their market share remained at 32%. As regards the fund categories, investors above all favored Bond CHF, Equity Global, Equity Switzerland, Commodities and Equity North America.

“The inflows of assets more or less balanced out the drops in volumes, the latter stemming from the declines on the stock exchanges, due to the resurgent fears over the euro and economic concerns,” said Matthäus Den Otter, chief executive of the Swiss Funds Association.

For comparison, figures for the major indices were as follows: Dow Jones +0.01%, S&P 500 -0.75% and SMI -2.23%. The EUR lost 0.17% against the CHF, while in the case of the USD there was an appreciation of 0.55%.

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