Wed, Nov 25, 2015
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


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 - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  2. Chicago-based Achievement A. M. is shutting down hedge fund following losses[more]

    Komfie Manalo, Opalesque Asia for New Managers: Achievement Asset Management, a Chicago-based hedge fund firm, has announced it is closing down its hedge fund operation following losses on energy market bets this ye

  3. Lyxor Hedge Fund Index up 0.1% (+0.4% YTD) as global macro and CTAs outperform[more]

    Komfie Manalo, Opalesque Asia for New Managers: Global macro and CTAs outperformed the hedge fund space and delivered positive returns last week amidst difficult market conditions, with the Lyxor Hedge Fund Index up

  4. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  5. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the