Concerns around debt problems in the eurozone pushed the volume of assets placed in investment funds down slightly in June, according to the Swiss Funds Association.
New statistics from the association show that assets placed in investment funds fell to around CHF 637.7 billion last month, down from around CHF 660 billion in May. Swiss funds for institutional investors accounted for some CHF 226.2 billion of the total.
The SFA said that despite the deterioration in the environment, net redemptions by investors were limited, totaling CHF 441 million. Redemptions in the case of money market, bond and asset allocation funds were offset by new subscriptions for precious metal and commodity funds, and equity funds.
Swiss funds, both retail and institutional products, posted inflows of CHF 1.5 billion, while Luxembourg funds recorded outflows of CHF 1.6 billion.
Funds investing in precious metals boasted the most subscriptions, at CHF 697 million, closely followed by equity funds at CHF 656 million. Bond funds stood at nearly CHF 68 billion.
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