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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

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