Swiss funds market stable – says SFA

Figures on the Swiss market published by the Swiss Funds Association (SFA) show that there was little change through November compared to the previous month, with overall assets valued at about CHF623bn.

Assets increased by CHF4.5bn month-on-month, breaking a two-month trend of falling falling asset values. Funds attracted about CHF2bn in new money in November, the SFA said.

Institutional investors accounted for about CHF225.8bn of the overall figure.

Matthäus Den Otter, CEO of the SFA, said: “November was generally a very quiet month, with only very modest movements. It was pleasing to see the moderate inflows of assets and the erstwhile recovery on the currency front.”

“As regards cash, there was a shift into money market funds. Although the renewed flight into money market funds confirms that these products are appreciated as safe havens in uncertain times, it also unfortunately indicates that uncertainty among investors has tended to increase again slightly.”

 Swiss market in November (figures CHFm)

Fund category Volumes Nov 2011 Volumes Oct 2011 Change Net inflows/outflows
Equity funds 195,396 195,006 390 314.7
Bond funds 198,204 198,623 -419 -839
Money market funds 85,934 82,057 3,877 1,972.90
Asset allocation funds 71,468 72,085 -617 -207.7
Other funds 46,091 44,753 1,338 439.8
Real estate funds 25,958 25,968 -10 4.3
Total Swiss market 623,051 618,492 4,559 1,685.00

 

Provider Volumes Nov 2011 Volumes Oct 2011 Market share Nov 11
UBS 143,834 144,030 23.09
Credit Suisse 91,565 91,954 14.7
Pictet 46,743 43,867 7.5
Swisscanto 41,106 41,516 6.6
Zürcher Kantonalbank 30,080 29,262 4.83
Swiss & Global Asset Management 29,500 29,872 4.73
Lombard Odier 16,582 16,571 2.66
Clariden Leu 13,861 14,037 2.22
JP Morgan 13,457 12,240 2.16
BlackRock 9,882 9,777 1.59
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