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Swiss fund market posts further gains in March

Wednesday, April 21, 2021
Opalesque Industry Update - In March 2021, the volume of assets placed in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Morningstar stood at CHF 1,416.7 billion. This corresponds to a month-on-month increase of CHF 45.0 billion or 3.3%. Net outflows totaled CHF 1.1 billion.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 1,416,735 million in March 2021 (February 2021: CHF 1,371,692 million).

"The positive trend on the financial markets continued in March, with all of the main indexes posting gains. However, minor net outflows were observed for the first time in a long while. These hit money market funds hardest, whereas mixed-asset funds attracted the most new money," said Adrian Schatzmann, CEO of the Asset Management Association Switzerland.

By way of comparison, the figures for selected indexes in March 2021 were as follows (February in brackets): Dow Jones 6.62% (3.17%), S&P 500 4.24% (2.61%), EURO STOXX 50 7.78% (4.45%), SMI 4.99% (-0.65%), SBI 0.49% (-1.38%), and Bloomberg Barclays US Aggregate Bond Index -1.25% (-1.44%). The CHF lost 0.93% against the EUR and 3.89% against the USD.

Net outflows in March 2021 totaled CHF 1.1 billion. Money market funds were hit hardest with an outflow of CHF 2.0 billion, followed some distance behind by equity funds with an outflow of CHF 637.4 million. Mixed-asset funds attracted the highest inflow with CHF 1.0 billion. There were no changes in the ranking of the most popular asset classes: equity funds 46.00%, bond funds 29.68%, mixed-asset funds 10.35%, and money market funds 7.68%.


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