Swiss fund market value rises by 1.6% in July

Written by Adam Cadle

22/08/2019

Assets placed in Swiss investment funds in July increased by CHF 18.4bn, or 1.6%, according to data compiled by Swiss Fund Data AG and Morningstar.

The growth increased assets to CHF 1,168.3bn July this year, up from CHF 1,149.9bn at the end of June.

Net inflows totalled CHF 4.4bn over the month, while the largest amount of new money – CHF 2.2bn – was invested in money market funds. Equity funds and bond funds also saw increased inflows, CHF 1.2bn and CH 1.1bn respectively.

Both fund categories alternative investments and others recorded net outflows of CHF -336.4m and CHF18.8m – both modest, according to the Swiss Funds & Asset Management Association (SFAMA).

Commenting on the gains, SFAMA managing director Markus Fuchs said: “The majority of the leading stock exchanges remained in positive territory in July, although share prices did not rise quite as strongly as they had in June. The Swiss fund market was thus able to post gains.

“The trend in terms of net inflows also continued. For the first time in a long while, even equity funds saw more money newly invested than was taken out. However, it was money market funds that showed the biggest inflows, which can be interpreted as a clear sign that investors are taking a cautious stance,” Fuchs said.

There were no changes in the ranking of the most popular asset classes: equity funds 41.90%, bond funds 31.58%, asset allocation funds 11.20%, and money market funds 8.87%.

By comparison, the figures for selected indexes in July 2019 were as follows (June 2019 in brackets): Dow Jones 0.99% (7.19%), S&P 500 1.31% (6.89%), EURO STOXX 50 -0.20% (5.89%), SMI 0.21% (3.93%), SBI 1.33% (0.38%), and Bloomberg Barclays US Aggregate Bond Index 0.22% (1.26%). The CHF gained 1.06% against the EUR but lost 1.58% against the USD.

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