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Pleasing rebound for Swiss fund market

Wednesday, May 27, 2020
Opalesque Industry Update - In April 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 1,160.5 billion, an increase of CHF 60.8 billion or 5.2% month-on-month. Net inflows totaled CHF 8.5 billion.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 1,160,467 million in April 2020 (March 2020: CHF 1,099,699 million).

"After the sharp declines seen in the previous two months, the financial markets recovered in April, with some of the leading exchanges even recording double-digit gains. Volumes on the Swiss fund market increased accordingly. It is also pleasing to note that the amount of new money placed in funds during April was higher than the amount withdrawn. The most new money flowed into bond funds, followed by equity funds and money market funds," said Markus Fuchs, Managing Director of the Swiss Funds & Asset Management Association SFAMA.

By comparison, the figures for selected indexes in April 2020 were as follows (March 2020 in brackets): Dow Jones 11.08% (-13.74%), S&P 500 12.68% (-12.51%), EURO STOXX 50 5.06% (-16.30%), SMI 3.41% (-5.28%), SBI 1.84% (-5.12%), and Bloomberg Barclays US Aggregate Bond Index 1.78% (-0.59%). The CHF gained 0.18% against the EUR but lost 0.55% against the USD.

Net inflows in April 2020 totaled CHF 8.5 billion. Bond funds were out in front with CHF 4.7 billion, followed by equity funds with CHF 2.4 billion and money market funds with CHF 1.8 billion. Only three fund categories, meanwhile, posted outflows, and these were modest: CHF 265.3 million for alternative investments, CHF 254.1 million for commodity funds, and CHF 23.1 million for others. There were no changes in the ranking of the most popular asset classes: equity funds 39.60%, bond funds 32.90%, mixed-asset funds 11.07%, and money market funds 9.33%.

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