Swiss funds industry overcomes currency challenge

The volume of assets under management by members of the Swiss Funds Association were unchanged in April against March, despite movements in the dollar and euro against the Swiss franc.

The SFA reports that figures compiled by Swiss Fund Data and Lipper show the total volume of assets at CHF660bn by the end of April, with institutional investors accounting for CHF233.2bn.

“Despite the difficult market environment and the continuing pressure on the dollar and euro, assets under management fell back only slightly by CHF886m,” the SFA said.

However, net inflows nearly doubled to CHF2.7bn from CHF1.4bn the previous month, the figures also show.

Equity funds saw inflows of CHF2bn, bond funds attracted CHF1.6bn, global emerging market equities about CHF1bn, and emerging market bonds just under CHF400m.

Redemptions were seen in money market funds, which lost CHF-790m.

Commodity funds had another strong month, with another CHF2bn being invested. In the past two years assets under management in commodity funds have grown from CHF10bn to CHF30bn, the SFA said.

Top providers

The SFA has also published a list of top providers in the Swiss market.

The top spot is held by UBS, with a market share of 23.24%.

In second place is Credit Suisse with a 14.94%, and Pictet third on 7.14%.


ProviderVolumes April CHFmMarket share April % 
Credit Suisse98,61914.94 
Swiss & Global Asset Management31,5174.78 
Zürcher Kantonalbank27,9504.23 
Lombard Odier17,9812.72 
Clariden Leu15,9202.41 
JP Morgan14,0072.12 
Bank Sarasin10,1351.54 


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