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At the end of September 2021, investors in Switzerland had placed CHF 1,476,880 million (year-end 2020: CHF 1,331,406 million) in investment funds. The key stock markets continued to post monthly gains almost across the board into September, thanks mainly to the expansionary fiscal and monetary policies pursued by governments and central banks. The markets were held back in the third quarter by inflation fears. The increase in the Swiss fund market's volume is attributable to equity performance as well as inflows of new money amounting to CHF 45 billion.

Bond funds proved most popular with investors (inflows of CHF 29.9 billion), followed by equity funds (CHF 7.3 billion) and mixed-asset funds (CHF 10.2 billion). There were outflows from only two categories, with money market funds (-CHF 3.0 billion) most affected.

"Investors' confidence and risk appetite are reflected in the figure for new money. We saw some strong inflows into bond, equity, and mixed-asset funds, while money market funds - which tend to be used to 'park' capital in uncertain times - recorded outflows," explained Adrian Schatzmann, CEO of the Asset Management Association Switzerland.

Press release
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