Sat, Apr 18, 2015
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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner