Fri, Nov 24, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss funds increased by CHF 100bn ($829bn) year on year

Wednesday, June 19, 2013
Opalesque Industry Update: The Swiss Fund Association has announced that in May 2013, the volume of assets placed in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper reached around CHF 763 billion, a slight rise of CHF 2.6 billion month-on-month. This represents a marked increase of just under CHF 100 billion year-on-year. There were net outflows totaling CHF 872 million.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 762.5 billion in May 2013 (April 2013: CHF 759.9 billion), with funds for institutional investors accounting for some CHF 296.3 billion of this figure. The total volume has thus increased by CHF 97.7 billion in the past twelve months, with the share of institutional funds up by CHF 49.1 billion.

"For a year now, the overall volume has been increasing month by month, albeit only slightly in May. This has come primarily on the back of the appreciation of assets held by equity funds owing to the higher stock market prices. The development of net asset flows is similar to that seen in the EU: bond funds have profited from marked inflows, while there have been withdrawals from equity funds. Uncertainty as to whether the equity rally will persist was reflected in redemptions in May,” said Dr. Matthäus Den Otter, CEO of the Swiss Funds Association SFA.

By comparison, the figures for selected indexes in May 2013 were as follows: Dow Jones +1.86%, S&P 500 +2.08%, and SMI +0.52%. The CHF lost 1.43% against the EUR and 5.10% against the USD. Net asset outflows amounted to CHF 871.5 million in May 2013. Bond funds posted inflows of more than CHF 3 billion, but this figure was nearly matched by the withdrawals from equity funds and commodity funds. US Equity alone accounted for half the outflows from equity funds.

Press release

bc

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. Tourbillon Capital, a $3.4bn hedge fund that's been sounding the alarm about 'frothy speculation,' is suffering big losses[more]

    From Businessinsider.com: Tourbillon Capital, a $3.4 billion hedge fund firm led by Jason Karp, is suffering. The firm's flagship Global Master fund is down 3.5% for the first 17 days of November, bringing performance for the year to November 17 to a loss of 10.6%, according to a note to investors s

  2. Fund Profile - The Tiger of Silicon Valley: Glen Kacher's sizzling hedge fund[more]

    From Forbes.com: When you live and work in a town where the median home costs $2.7 million and hobnob with the executives of billionaire factories like Facebook and Tesla, it's easy to see why you might think technology stocks are invincible. So far in 2017, the Nasdaq Composite index has gained 25%

  3. Launches - Asset manager launches Europe's first bitcoin mutual fund, Prime Capital Aviation Debt Fund enables aviation debt investments for institutional investors[more]

    Asset manager launches Europe's first bitcoin mutual fund From Coindesk.com: A French asset manager has announced the launch of Europe's first mutual fund centered around bitcoin. Announced today, Tobam's alternative investment fund perhaps represents the latest bid to attract institutio

  4. Legal - Consumers say hedge fund financed illegal tribal lending, New York's highest court permits shareholder of a Cayman-incorporated company to bypass Cayman law and bring derivative action in New York[more]

    Consumers say hedge fund financed illegal tribal lending From Law360.com: Vermont residents on Tuesday hit a hedge fund with a proposed class action in federal court alleging it helped concoct a sham tribal payday lending scheme meant to skirt laws preventing companies from charging cons

  5. Investing - Tech still hedge funds' sweetheart sector: Goldman Sachs, Hedge funds haven't been this leveraged to buy stocks since the bull market began, Top financials hedge fund details short bet against Morningstar, Fund CRC presents an offer for Carige's consumer credit unit, Hedge funds sell shares in Altice USA after difficult quarter[more]

    Tech still hedge funds' sweetheart sector: Goldman Sachs From Reuters.com: Tech stocks remain the largest net sector exposure for equity hedge funds, which are set to deliver their strongest returns since 2013, Goldman Sachs said on Wednesday in a note on the industry's most and l