The Swiss Funds Association has criticised aspects of Switzerland’s proposed Collective Investment Schemes Act, saying it discriminates against the country’s financial sector and lacks measures to strengthen competitiveness.
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.
Research conducted on behalf of the Swiss Funds Association (SFA) suggests that hedge funds did outperform equities in the past decade, but that gold, emerging markets and Asia ex-Japan did even better.
The Swiss Funds Association (SFA) has submitted proposals it says should help safeguard the competitiveness of the jurisdiction as an asset management location.
Ireland’s fund industry continues to grow despite the country’s financial problems while the Swiss Funds Association reports a fall in fund volumes blamed on volatile and downward trending markets.
The Swiss fund market fell back only slightly in August in spite of the market turmoil, according to the Swiss Funds Association (SFA).
Swiss trade organisations are set to secure market access for the country’s asset management industry to the emerging AIFM market.