Mon, Apr 24, 2017
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. Opalesque Exclusive: Carden Capital bets on volatility[more]

    Bailey McCann, Opalesque New York for New Managers: Machine driven strategies are having a bit of a moment in the hedge fund world right now. Systematic funds have outperformed other strategies at a time when all ey

  2. Sprott AM to sell Canadian diversified fund business to management-led group[more]

    Komfie Manalo, Opalesque Asia: Toronto-based asset management company Sprott Asset Management LP (SAM) has entered into an agreement to sell its Canadian diversified fund business to a management-led group. Under the deal, the new group will have

  3. Investing - These hedge funds (and Madeleine Albright) are betting on a debt crisis, Hedge funds are upping their bets on the death of the traditional retailer, $20bn hedge fund recaps Corizon[more]

    These hedge funds (and Madeleine Albright) are betting on a debt crisis From Yahoo.com: There could be a big debt crisis brewing in places like China, India, Latin America and Africa -- and a growing number of investors are amassing war chests to cash in on the distress. Albright Capital

  4. Universities looking to defend endowments from Republican tax plan[more]

    From PIOnline.com: Some of the richest U.S. colleges are pushing back against scrutiny by Congress over the tax-exempt status of university endowments. Lobbying disclosure forms show almost two dozen schools such as Princeton University, University of Notre Dame and Cornell University are including

  5. Activist News - GAM touts 'tangible results' of turnaround as activist fight hots up, Bill Ackman not done with Herbalife, says his fight could get legs in May, Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors[more]

    GAM touts 'tangible results' of turnaround as activist fight hots up From FNLondon.com: GAM, the Swiss asset manager at the center of an attempted boardroom putsch by activist hedge fund RBR Capital, said its first-quarter results amounted to "tangible" proof that its management's plan f