Swiss investment funds recorded net inflows of 2.3 billion Swiss francs (€2 billion) in July, according to figures from the Swiss Funds & Asset Management Association (Sfama).
The inflows brought the total assets in Swiss funds to 1.134 trillion Swiss francs: a month-on-month increase of 1.3% or 14.9 billion francs.
Swiss bond funds recorded the largest gains in July, with net inflows of 2 billion francs, while money market funds attracted 717.8 million francs and asset allocation funds pulled in 189.3 million francs.
The heaviest outflows were suffered by equity funds (down 497.9 million francs) and alternative investments (down 223.7 million francs).
Sfama managing director Markus Fuchs said that stock market gains in July had boosted the Swiss fund market, which had also been helped by modest inflows.
“It appears that potential new investors are taking a cautious approach and waiting before they make investments, whereas existing fund investors are scarcely moving their money around,” he said.
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