Market data published by Swiss Fund Data AG and Morningstar suggests the Swiss fund market sustained total assets of CHF1,042.3bn (€905bn) by the end of September, an increase of 1.5% or CHF15.3bn (€13.2bn) against August.
Net inflows amounted to CHF3.7bn, reflecting buoyant financial markets, said Markus Fuchs, managing director of the Swiss Funds & Asset Management Association (SFAMA), particularly “after the mixed showing in the previous month”.
Bond funds accounted for the largest portion of net inflows, CHF2.7bn, with equity funds, CHF509.9m, asset allocation funds, ChF354.5m, and money market funds, ChF207.6m, following.
By market share there were no changes to the ranking of asset classes, with equity funds accounting for 42.11%, bond funds 31.98%, asset allocation funds 11.56% and money market funds 7.09%.
Net outflows were seen in just three fund categories, SFAMA noted: property funds saw CHF966m flow out on a net basis, commodity funds saw CHF246m go out, while the category “others” saw CHF113m leave.