|
|
Dr. Matthaus Den Otter From Komfie Manalo, Opalesque Asia:
The turbulent markets in May did not spare Switzerland as fund volumes in the nation’s investment funds fell by $14.023bn (CHF11.8bn) to $776.42bn (CHF653.6bn). or 1.8% compared to the previous month. Net inflows into the Swiss funds during the period amounted to $1.041bn (CHF 876.2m)
In a statement, the Swiss Funds Association attributed the loss to "the persistently difficult market environment."
Swiss investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper showed institutional investors accounted the largest volume at $274.78bn (CHF 231.2bn). Completing the distribution of Swiss funds are as follows: bond funds $239,744bn (CHF 201,784bn) , money market funds $96.93bn (CHF 81.58bn), asset allocation funds $93.68bn (CHF78.84bn), other funds $46.7bn (CHF 39.301bn), and real estate funds $29.83bn (CHF25.11bn).
"Due to the falling prices on the markets, assets under management depreciated in all asset classes in the month under review, dropping a total of CHF 11.8 billion month-on-month," said Dr. Matthäus Den Otter, CEO of the Swiss Funds Association. "Despite the gloomier outlooks, the Swiss fund market enjoyed net inflows totaling some CHF 876.2 million."
However Dr. Den Otter noted a significant inflow of new money into higher-yielding bond funds during May. Investors are particularly interested in emerging market and high yield bonds, arisin...................... To view our full article Click here
|
|