Slight decline in Swiss fund market, says SFA
In May 2012, the volume of assets placed in Swiss investment came to some CHF664 billion, down just under CHF4 billion month-on-month, according to figures released by the Swiss Funds Association (SFA).
Money market funds and bond funds each posted inflows in excess of CHF1 billion.
As of the end of May 2012, the total volume of assets in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper stood at CHF664.4 billion, a drop of nearly CHF4.0 billion month-on-month. Funds for institutional investors accounted for CHF 256.5 billion of the total of about CHF664 billion.
“The Swiss fund market is marking time somewhat at present. The resurgent fears over the euro crisis and the economic recovery in the US have pushed the key indexes into negative territory. The strengthening of the USD against the CHFlent support,” says Dr Matthäus Den Otter, CEO of the SFA. By comparison, the figures for the major indexes were as follows: Dow Jones -6.21%, S&P 500 -6.27%, and SMI -4.04%. The EUR lost 0.02% against the CHF, while in the case of the USD there was an appreciation of +7.12%.
Net inflows totalled CHF1.0 billion in May 2012. Of the total fund volume, no less than the equivalent of just under CHF155 billion was held in funds denominated in USD, and just under CHF159 billion in EUR-denominated funds. USD-denominated funds accounted for virtually all
of the new money. Both money market funds and bond funds posted net inflows as a result of the nervousness among investors. Equity funds and commodity funds in particular suffered outflows.
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