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At the end of 2021, investors in Switzerland had entrusted CHF 1,510.8 billion to the fund industry. Compared to 2020, this corresponds to a growth of almost CHF 171 billion or 12.7 percent. The main reason for this strong increase in volume was that stock markets continued their positive trend. Last September, fears of inflation and rising interest as well as of a slowdown in economic growth lead to a sell-off. But by the end of 2021, new highs had been reached again in the stock markets.

The sustained inflow of new money throughout the year proved to be a great support for growth. "The flow of new money of almost CHF 55 billion is not only proof of the continuing confidence and risk capacity of investors, it is also a commitment to Switzerland as a strong fund location," said Adrian Schatzmann, CEO of the Asset Management Association Switzerland.

Inflows also continued in the fourth quarter of 2021 with a plus of almost CHF 9 billion, whereby the asset classes bonds and mixed assets were the most popular.

Net new money growth in bonds and equities, outflows in money markets and commodities

Over the whole of 2021, investors allocated over CHF 35 billion in new money to bond funds, followed by mixed-asset funds (+CHF 12.4 billion) and equity funds (+CHF 9.9 billion). Money was withdrawn from money market funds (CHF 2.8 billion) and commodity funds (CHF 302 million) as well as from alternative investments (CHF 184.3 million).

Top 10 providers in the Swiss fund market (market share volume December 2021 in %)

Little changed in the hierarchy of the most important Swiss fund providers, some of which posted double-digit growth rates. In terms of market share, UBS continues to lead, followed by Credit Suisse, Swisscanto and Blackrock. Swiss Life has caught up with GAM in terms of volume and is now equal in terms of market share.

Performance of selected indexes and currencies up to the end of 2021: Dow Jones 118.73%, S&P 500 26.89%, EURO STOXX 50 20.99 %, SMI 20.29%, SBI -1.82%, and Bloomberg Barclays US Aggregate Bond Index -1.54%. The EUR lost against the CHF 4.4% while the USD lost 2.27 % against the CHF.

The statistics compiled by Swiss Fund Data AG and Morningstar are based on the FINMA approvals list and cover all funds under Swiss law as well as all foreign funds approved for public sale in Switzerland, including their institutional unit classes. Foreign funds restricted exclusively to qualified investors are not covered by the statistics because they are only placed privately and cannot receive FINMA approval.

Press release
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