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The distortions on the financial markets triggered by the war in Ukraine also had an impact on the Swiss fund market. At the end of March 2022, investors in Switzerland still had CHF 1,457,619 million (2021: CHF 1,516,403 million) invested in investment funds.

Like the leading market indices, investment funds in Switzerland lost significant ground in February and early March before recovering again. At CHF 6.2 billion, net inflows remained comparatively weak over the entire quarter. As a consequence the volume decline in the Swiss fund market amounted to just under CHF 65 billion on balance.

The effects were particularly evident in equity funds, which lost 7.1 percent to CHF 670,848 million in the first three months of the current year.

Net new money development stands out in two fund categories

Two fund categories in particular were in favour with investors in the first three months of 2022: investment strategy funds attracted the lion's share of net new money flowing into the fund market at CHF 4.8 billion. Commodity funds (+CHF 248 million) were also back in favour for the first time in a while. Equity funds, on the other hand, attracted only just under CHF 2.2 billion in new money, bond funds CHF 1.3 billion. Alternative investments (-234 million CHF) and especially money market funds (-2.4 billion CHF) suffered outflows.

Performance of selected indexes and currencies up to the end of march 2022: Dow Jones -4.57%, S&P 500 -4.95%, EURO STOXX 50 -9.21 %, SMI -5.55%, SBI -6.06%, and Bloomberg Barclays US Aggregate Bond Index -5.93%. The EUR lost against the CHF 1.37% while the USD gained 1.32 % 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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