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Pleasing start to the year for the Swiss fund market

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The volume of assets placed in the investment funds covered by the Swiss Funds Association stood at nearly CHF650 billion in January, an increase of around CHF18 billion month-on-month. Buoyed by the positive performance on the financial markets, all fund categories enjoyed net inflows with the exception of asset allocation funds.

As of the end of January 2012, the total volume of assets in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper stood at CHF648.9 billion, an increase of CHF18.2 billion month-on-month. Funds for institutional investors accounted for some CHF242.7 billion of this total.

“It was pleasing to see the continuation of the recovery on the Swiss fund market that took hold in December has continued. The growth in volumes in January came on the back of the unexpectedly positive showing on the capital markets. Investors appear to have found fresh trust in equity investments. That said, certain categories of bond funds have also profited from the brighter underlying mood,” says Dr Matthäus Den Otter (pictured), CEO of the Swiss Funds Association SFA.

By comparison, the figures for the major indices were as follows: Dow Jones +3.4%, S&P 500 +4.4%, and SMI +0.6%. The EUR lost around 1% against the CHF, while in the case of the USD there was a drop of 2%.

Net asset inflows in January 2012 totalled CHF2.4 billion (up CHF923.3 million month-on-month). Funds in the investment currencies CHFand USD alone accounted for a billion each. Equity funds clearly led the way with an increase of CHF1.2 billion, followed by bond funds (up CHF 956 million). Asset allocation funds were the only fund category to post outflows, albeit only to a modest extent (down CHF16.1 million). The most new money flowed into emerging markets global equity funds, CHF bond funds, and CHF money market funds. Meanwhile, Japanese equity funds and USD-denominated money market funds posted outflows. There were no changes among the fund categories, with Bond CHF (market share: 10.74%), Equity Global (6.22%), Equity Switzerland (5.63%), and Commodities (5.47%) still out in front.

 

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