Swiss fund industry celebrates record growth

Swiss madeThe Swiss fund industry grew to a total size of 891 billion Swiss francs (€813.17 billion) in 2015, an increase of over 16 billion francs (or just under 2% year-on-year), the Swiss Funds and Asset Management Association (SFAMA) reports.

Equities and bonds remained the most popular asset classes with investors, attracting 16.9 billion francs and 12.8 billion francs in inflows respectively. Overall, equity funds now make up 41% of the Swiss fund market, bond funds 31%. Multi-asset funds make up 12%, money market funds 7%.

In terms of providers, UBS held its position as the biggest market player, at 26.32%, followed by Credit Suisse at 16.07%, Swisscanto at 8.90% and Pictet at 5.45%. BlackRock is the biggest non-Swiss asset manager in Switzerland, with a market share of 4.73%.

“2015 tested investors’ nerve - pronounced currency fluctuations, the abandoning of the franc minimum exchange rate versus the euro, flash crashes on the bond markets, the crisis in Greece and the Chinese stock market’s roller coaster ride led to heightened volatility,” said Markus Fuchs, managing director of SFAMA.

“It is therefore all the more pleasing that fund volumes increased by more than 20 billion francs, with funds in Switzerland attracting more than 40 billion francs in new money overall.”

©2016 funds europe