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B. G., Opalesque Geneva:

Asset management is a growing segment of the Swiss financial system and is contributing to its diversification. According to a recent report, assets under management (AuM) in Switzerland grew by 10.6% in 2020 to a record CHF2.79tln ($3tln), thanks to high net inflows and recovering financial markets in Q2 and Q3 2020.

Globally, the asset management industry has emerged from the global pandemic in a position of strength, with assets growing by 11% in 2020 to end the year at $103tln, according to BCG, an American management consulting firm. The world's largest asset management region, North America, delivered another year of double-digit growth in 2020, with AuM increasing by 12% to reach $49tln. Growth was also strong in Europe (10%), Asia-Pacific (11%), and the Middle East and Africa (12%).

Net inflows in Switzerland totalled CHF101bn ($109bn) across all asset classes and segments and boosted AuM by 4%. Investment performance added CHF167bn. Between 2016 and 2020, AuM grew at a compound annual growth rate of 9%.

The report it is the fourth edition of the Swiss Asset Management Study. It was produced by the Institute of Financial Services Zug IFZ, part of Lucerne University of Applied Sciences and Arts, and the Asset Mana......................

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