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Swiss fund market posts growth of roughly CHF90bn ($101bn) in 2020

Tuesday, January 19, 2021
Opalesque Industry Update - In December 2020, the volume of assets placed in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Morningstar stood at CHF 1,324.6 billion, an increase of CHF 86.3 billion or 6.5% year-on year and a month-on-month increase of CHF 23.0 billion or 1.7%. Net inflows totaled CHF 4.3 billion, giving a cumulative figure of CHF 36.9 billion for the year as a whole.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 1,324,567 million in December 2020 (December 2019: CHF 1,238,221 million; November 2020: CHF 1,301,593 million).

"In a year dominated by the coronavirus, the stock markets mostly performed quite well, which came as a positive surprise. That said, there was considerable volatility. When the threat posed by the virus started to become clear in mid- February, many leading indexes plummeted, some by as much as a third. The recovery that followed was not quite as fast, but it was hardly sluggish. The bond markets also held up well. Yields fell further in numerous European countries, resulting in capital gains almost across the board. Volumes on the Swiss fund market increased accordingly. Net inflows were upbeat as well last year, with the most new money flowing into bond and equity funds," explained Markus Fuchs of the Asset Management Association Switzerland.

By way of comparison, the figures for selected indexes in December 2020 were as follows (November 2020 in brackets): Dow Jones 3.27% (11.84%), S&P 500 3.71% (10.75%), EURO STOXX 50 1.72% (18.06%), SMI 2.17% (9.28%), SBI 0.35% (0.05%), and Bloomberg Barclays US Aggregate Bond Index 0.14% (0.98%). The CHF gained 0.18% against the EUR and 2.65% against the USD.

Net inflows totaled CHF 4.3 billion in December 2020, with bond and equity funds attracting the most new money (CHF 2.5 billion each). Equity funds were out in front for the year as a whole with inflows of CHF 16.0 billion, but bond funds were not far behind with CHF 15.5 billion. There were no changes in the ranking of the most popular asset classes: equity funds 44.07%, bond funds 30.60%, mixed-asset funds 10.44%, and money market funds 8.14%.

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