Tue, Sep 21, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swiss fund market volume depressed by coronavirus

Wednesday, April 29, 2020
Opalesque Industry Update - In March 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 1,097.5 billion. This corresponds to a month-on-month decrease of CHF 108.5 billion or 9.9%. Net outflows totaled CHF 12.9 billion.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 1,097,474 million in March 2020 (February 2020: CHF 1,205,974 million).

"As was to be expected, the uncertainty on the financial markets as a result of the coronavirus crisis led to sharp falls on all leading exchanges in March, causing a decline in volumes on the Swiss fund market. The fact that more money was taken out of funds - especially bond funds - during the month than was put in further exacerbated this trend. Equity and mixed-asset funds also recorded substantial outflows," said Markus Fuchs, Managing Director of the Swiss Funds & Asset Management Association SFAMA.

By comparison, the figures for selected indexes in March 2020 were as follows (February in brackets): Dow Jones -13.74% (-10.07%), S&P 500 -12.51% (-8.41%), EURO STOXX 50 -16.30% (-8.55%), SMI -5.28% (-7.50%), SBI -5.12% (0.74%), and Bloomberg Barclays US Aggregate Bond Index -0.59% (1.80%). The CHF gained 0.47% against the EUR and 0.45% against the USD.

Net outflows in March 2020 totaled CHF 12.9 billion. Bond funds came off worst with outflows of CHF 7.7 billion, followed by equity funds with CHF 2.8 billion and mixed-asset funds with CHF 1.9 billion. Only two fund categories posted inflows, meanwhile, and these were small: CHF 331.5 million for commodity funds and CHF 7.2 million for real estate funds. There were no changes in the ranking of the most popular asset classes: equity funds 38.57%, bond funds 33.49%, mixed-asset funds 11.23%, and money market funds 9.50%.


Press release
Bg

Article source - Opalesque is not responsible for the content of external internet sites

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  2. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  3. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  4. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  5. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys