Continuing pressure on the US Dollar and Euro did not dampen inflows to Swiss funds last month, according to the Swiss Funds Association (SFA).

Statistics compiled by Swiss Fund Data AG and Lipper and published by the SFA showed that the volume of assets placed in Swiss funds in April stood at around CHF 660 billion, virtually flat compared with the March figure.

Net inflows increased to CHF 2.7 billion in April, up from CHF 1.4 billion in March. The biggest inflows were into equity funds, at CHF 2.0 billion, and bond funds, at CHF 1.6 billion.

Meanwhile, as in previous months, money market funds suffered further outflows, of CHF 790 million. This was however an improvement on the January figure of outflows of CHF 2.1 billion.

Looking at a breakdown of the fund categories into individual investment strategies, the most money is invested in CHF bond funds (CHF 66 billion), followed by global equity funds (CHF 44 billion) and Swiss equity funds (CHF 41 billion). EUR money market funds are fourth, at CHF 31 billion, though these funds suffered a slight drop in volumes over April.

Commodity funds have now secured fifth spot, having gained nearly CHF 2 billion in April. In the space of two years, their assets under management have increased from around CHF 10 billion to CHF 30 billion.

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