Sat, Mar 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner