18/07/2012

By Matt Ritchie

The Swiss fund market reached a five-year high of CHF 671bn in June, according to new figures from the Swiss Funds Association (SFA).

Announcing the figures, the SFA said half of the increase was due to positive performance on the bourses, as equity funds registered an increase of more than CHF 4bn in assets under management.

Overall volumes in the Swiss fund market reached CHF 671,338m, up from CHF 665,852m in May.

SFA CEO Dr. Matthäus Den Otter said caution was still required over the coming months despite the positive result.

“After all, it was exclusively bond funds, commodities funds, and money market funds that attracted new money. Investors remain unsettled, a fact reflected in the redemptions of nearly CHF 800m in the case of equity funds and CHF 279m for asset allocation funds,” he said.

Net inflows totaled CHF 1.9bn in June. Of the total fund volume, the equivalent of no less than CHF 155bn was denominated in USD, with CHF 162bn in EUR. CHF and USD-denominated funds accounted for virtually all of the new money.

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