22/05/2012
By Matt Ritchie
The volume of assets placed in Swiss investment funds fell by around CHF 1.4bn to CHF 658.8bn in April, according to statistics from the Swiss Funds Association.
However, the loss in value was nearly compensated by net inflows of CHF 6.7bn. Growth was led by equity funds which attracted CHF 4.9bn in net inflows, followed by bond funds which attracted CHF 1.2bn.
Funds for institutional investors accounted for CHF 251.8bn of the total.
Swiss Funds Association chief executive Dr Matthäus Den Otter said: “The inflows of assets more or less balanced out the drops in volumes, the latter stemming from the declines on the stock exchanges due to the resurgent fears over the euro and economic concerns.”
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