Strong Gains Swiss Fund Market

The Swiss Funds & Asset Management Association SFAMA issued the following media release:

Fund Market Statistics – July 2015

Strong gains once more on the Swiss fund market

Basel, 20 August 2015 – In July 2015, the volume of assets placed in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Morningstar stood at some CHF 894 billion, an increase of around CHF 25 billion or 2.8% month-on-month. The net inflows totaled CHF 3.5 billion.

The volume of assets entrusted by investors in Switzerland to the fund industry came to CHF 893.7 billion in July 2015 (June 2015: CHF 868.8 billion). “The European markets in particular bounced back strongly in the month under review from the brief slump suffered in June. The SMI gained more than 7%, thus more than recouping the losses suffered the month before. Correspondingly, fund volumes in Switzerland rose by a handsome CHF 25 billion. There was also a positive showing in terms of new money, which was twice as high as in June at CHF 3.5 billion. And for the first time in some months, equity funds were back at the top of the net inflow rankings,” explained Markus Fuchs, Managing Director of the Swiss Funds & Asset Management Association SFAMA. By comparison, the figures for selected indexes in July 2015 were as follows (June 2015 in brackets): Dow Jones 0.40% (-2.17%), S&P 500 1.97% (-2.10%), EURO STOXX 50 5.15% (-4.10%), and SMI 7.37% (-4.95%). The CHF lost 2.09% against the EUR and 3.31% against the USD.

Net new money totaling around CHF 3.5 billion was invested in funds in July 2015. Equity funds posted the strongest inflows (CHF 1,525.2 million), followed by bond funds (CHF 643.6 million), and alternative investments (CHF 547.1 million). There were outflows from commodity funds (-CHF 142.4 million) and to a lesser extent in the other funds category (-CHF 19.3 million) and from real estate funds (-CHF 2.9 million). There were no changes in the ranking of the most popular asset classes: equity funds 40.69%, bond funds 31.44%, asset allocation funds 12.16%, and money market funds 6.45%.