Thu, Oct 8, 2015
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 - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko