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Strategic Insight finds growth for passive funds, private banks in Asia and funds over managed accounts

Thursday, June 16, 2011
In a new research study, Spotlight on Switzerland: Funds, Flows, Wealth Management, and West-to-East, Daniel Enskat, Head of Global Consulting for Strategic Insight, states that “Switzerland, despite some unwanted public attention since the financial crisis, remains instrumental for the global asset management industry: as a private banking hub, for advisory and investment solutions, to identify upcoming product trends, and as a link between West and East.”

According to Strategic Insight data, total assets under management in Switzerland have grown by 30% since the height of the global financial crisis in December 2008. States Enskat: “Net flows to long-term funds in 2010 reached $25 billion, three times higher than in 2009, and 25% higher than pre-crisis in 2007, with equity funds in Switzerland attracting 57% of all long-term industry flows from 2008 through Q1/2011, mostly to passive funds.”

He added, “FATCA and the newly proposed Swiss banking rules could impact how and where Swiss private banks collect and manage client assets. The data shows most growth for Swiss private banks coming from Asia Pacific and emerging markets of late, along with opportunities in new client segments.”

Source

Press release
bc

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