Growth into Swiss investment funds continued in April despite lower returns from markets, according to the Swiss Funds Association.
The association’s latest figures show net inflows during April of CHF785m (€629m) over the month, although AUM declined slightly to CHF752.9bn (€601.9bn), down 0.2 per cent or CHF 1.7bn (€1.4bn) on a month-on-month basis.
Institutional funds account for almost 40 per cent of the total, at CHF 289.9bn (€231.5bn).
Bond funds dominated inflows, with CHF1.95bn of funds transferred in.
Commodities (CHF 982.7m) lead outflows for the first time in years. Money market funds (CHF595.8m) and equities (CHF 316.8m) also experienced net outflows.
“The volume of assets invested in the Swiss fund market remained at a high level, with inflows of assets only slight and coming above all in the case of bond funds,” said Dr. Matthäus Den Otter, CEO of the Swiss Funds Association SFA.
Despite this, a recent Swiss Canto survey shows Swiss pensions funds cutting bond exposure in preference for real assets. It also showed Swiss pension funds funding ratios improving on the back of strong investment performance.
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