Sun, Jan 22, 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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised