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|
|Money market funds||85,934||82,057||3,877||1,972.90|
|Asset allocation funds||71,468||72,085||-617||-207.7|
|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|
|Swiss & Global Asset Management||29,500||29,872||4.73|