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Matthäus Den Otter, chief executive, SFA

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Swiss fund market remains on growth path, says SFA

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In February 2012, the volume of assets placed in Swiss investment funds climbed to around CHF655 billion, an increase of more than CHF14 billion month-on-month, according to figures released by the Swiss Funds Association (SFA).

 

Equity funds and bonds funds both posted marked net inflows on the back of the persistently positive showing on the financial markets since the beginning of the year.

As of the end of February 2012, the total volume of assets in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper stood at CHF654.6 billion, an increase of CHF14.5 billion month-on-month. Funds for institutional investors accounted for some CHF243.6 billion of this total of just under CHF655 billion.

“The total fund volumes figure is well on the way to returning to the high set last year at CHF670 billion, provided the brighter mood on the capital markets prevails. Equity funds in particular have been able to largely recoup the losses suffered from outflows last year,” 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 +2.5%, S&P 500 +4.1%, and SMI +2.3%. The EUR gained around 0.1% against the CHF, while in the case of the USD there was a drop of 1.6%.

Net inflows amounted to CHF1.9 billion in February 2012. Equity and bond funds accounted for nearly all of this amount. And with a market share of 32% each, they make up two thirds of the overall market. The categories Equity Emerging Markets Global, Bond CHF, Equity Switzerland, Money Market USD and Bond USD attracted the most new money. Meanwhile, money market funds posted outflows overall due to switches. There were no changes among the fund categories, with Bond CHF(market share: 10.77%), Equity Global (6.35%), Equity Switzerland (5.75%), and Commodities (5.39%) still out in front.

 

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