Swiss funds assets reach CHF712bn at the end of 2012

In December 2012, the volume of assets placed in the investment funds reached CHF712bn, according to data released by Swiss Fund Data AG and Lipper.

Although this corresponds to a drop of CHF 6bn month-on-month, over the year as a whole fund volumes rose by more than CHF 80bn, or around 13%.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 711.9 bn in December 2012, compared to CHF 631bn at the end of 2011.

Funds for institutional investors accounted for CHF 283.8bn of the total of about CHF 712bn.

In December, inflows into bond funds were exceeded by the marked withdrawals in the case of money market funds, resulting in a decrease in the overall volumes.

By comparison, the figures for selected indexes during the same month were Dow Jones +0.60%, S&P 500 +0.71%, and SMI +0.03%.

Meanwhile, the CHF fell 0.29% against the EUR, but gained 1.64% against the USD.

Net asset outflows amounted to CHF98.8m in December. Bond funds led the way in terms of inflows with CHF 1,517.8m, while equity funds attracted new money totaling CHF344.7m.After a lengthier period of outflows, asset allocation funds also saw investments being made again. Money market funds continued to suffer marked outflows.

There were also net withdrawals from alternative investments, commodities funds, and funds in the “other funds” category.

“Bond funds attracted the most new money, while money market funds posted the heaviest outflows, albeit with this trend clearly flattening off towards the end of the year,” said Matthäus Den Otter, chief executive of the Swiss Funds Association SFA. 

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