Tue, Jul 28, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Assets invested in Swiss funds rose to CHF623bn in November

Tuesday, December 20, 2011
Opalesque Industry Update - In November 2011, the volume of assets placed in the investment funds covered by the statistics stood at around CHF 623 billion, an increase of about CHF 4.5 billion month-on-month. Following the outflows in the previous two months, funds attracted new money totaling nearly CHF 2 billion in November.

As of the end of November 2011, the total volume of assets in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper stood at CHF 623.1 billion, with funds for institutional investors accounting for some CHF 225.8 billion of this figure. This translates into an increase in volume of around CHF 4.6 billion.

“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,” explained Dr. Matthäus Den Otter, CEO of the Swiss Funds Association SFA. There was a positive showing in terms of net inflows (up CHF 1.7 billion) and market performance (up CHF 2.9 billion). By comparison with the major indices: Dow Jones +0.76%, SP 500 -0.51%, and SMI -1.38%. The EUR also gained just under 1% vs the CHF, compared with 2.8% in the case of the USD.

It was above all money market funds and funds in the “other funds” category that attracted new money (CHF 2.0 billion and CHF 0.4 billion respectively. There were notable outflows in the case of bond funds (CHF 0.8 billion) and asset allocation funds (CHF 0.2 billion). There were no changes among the fund categories, with Bond CHF, Equity Global, Equity Switzerland, Commodities, Money Market EUR remaining the top 5. Full press release: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

 

banner