Swiss fund market passes CHF900bn mark

Swiss funds and asset management association (Sfama) has reported a 2.2% month-on-month increase of assets (around CHF20bn) in the Swiss fund market in July 2016.

Hence the local market topped the CHF900bn mark (€830.5bn) last month as it posted CHF900.1bn (€830.6bn) against CHF880.7bn (€812.7bn) in June 2016.

“Buoyed by the pronounced recovery on the relevant markets, fund volumes picked up and moved back above CHF 900 billion again after a few months below that mark. There was also pleasing growth in new money, with bond funds and money market funds attracting the most. There were only modest outflows over the month,” explained Markus Fuchs, managing director of Sfama.

Net inflows totaled around CHF4.2bn (€3.88bn) in July 2016 with bond funds having drawn the most money (CHF 2.8bn), followed by money market funds (CHF 1.5bn).

Also last month, asset allocation and alternative funds have faced outflows of CHF245.2m and CHF 159.3m respectively.

Equity funds remained favoured, gathering 40.16% of the total assets managed in the Swiss fund market.

Assets into bond funds accounted for 32.23% while asset allocation and money market strategies formed respectively 12.07% and 7.48% of the whole assets managed in the local market.

In July, UBS headed the top 10 providers of the Swiss fund market with a market share of 25.92%, followed by Credit Suisse (15.93%) and Swisscanto (9.07%).

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