Swiss funds enjoy net inflows again

Net month on month flows into Swiss funds in December 2011 increased by about SWF4bn, up to SWF621bn, according to data from Lipper and Swiss Fund Data AG, part of the Swiss Funds Association.

It is the second month, following November 2011, that Swiss funds recorded net inflows. In December, institutional investors accounted for some SWF225.0bn of the total figure.

“The more relaxed mood on the Swiss fund market stemmed from the recovery on the stock markets, the calming on the euro capital market, and the appreciation resulting from inflows,” explained Matthäus Den Otter, chief executive of the Swiss Funds Association.

Net inflows amounted to SWF923.3m in December 2011. By comparison, the figures for the major indices were: Dow Jones +1.43%, SP 500 +0.85%, and SMI +5.02%. The euro lost just under 1% against the Swiss franc, while against the US dollar it gained 2.8%.

There were more significant outflows for asset allocation funds (down SWF0.2bn). Having long been very popular among investors, this fund category is steadily falling from favour, the SFA said.

There were no changes among the fund categories, with Bond CHF, Equity Global, Equity Switzerland and Commodities still at the head of the field.

The top 10 providers of funds in the Swiss market, according to the SFA, are: UBS (23.55% market share), Credit Suisse (14.88%), Pictet (7.77%), Swisscanto (6.67%), Zürcher Kantonalbank (4.84%), Swiss & Global Asset Management (4.65%), Lombard Odier (2.71%), JPMorgan (2.31%), Clariden Leu (2.1%) and Zurich (1.59%).

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