Industry Updates

Swiss fund market stable at high level

Wednesday, February 19, 2020

Tweet
Print
Email
Track Keywords

Opalesque Industry Update - In January 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 1,241.0 billion, on a par with December 2019. Net inflows totaled CHF 10.7 billion. The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 1,241,016 million in January 2020 (December 2019: CHF 1,241,020 million).

"Following the pronounced uptrend last year, a consolidation was on the cards for January. Most of the leading stock exchanges moved sideways during the month, so there was little change in the volume of the Swiss fund market. It is pleasing to note that the positive trend in net inflows continued and in fact accelerated somewhat compared with the prior months. New money was invested in all fund categories, with bond funds attracting the most," explained Markus Fuchs, Managing Director of the Swiss Funds & Asset Management Association SFAMA.

By comparison, the figures for selected indexes in January 2020 were as follows (December 2019 in brackets): Dow Jones -0.99% (1.74%), S&P 500 -0.16% (2.86%), EURO STOXX 50 -2.78% (1.12%), SMI 0.10% (1.18%), SBI 1.93% (-1.02%), and Bloomberg Barclays US Aggregate Bond Index 1.92% (-0.07%). The CHF gained 1.53% against the EUR and 0.41% against the USD.

Net inflows totaled CHF 10.7 billion in January 2020. Bond funds were out in front with CHF 5.2 billion, followed by equity funds with CHF 2.1 billion and money market funds with CHF 1.7 billion. There were no changes in the ranking of the most popular asset classes: equity funds 42.45%, bond funds 31.30%, mixed-asset funds 11.03%, and money market funds 8.87%.