Results for the first half of 2017 published by Fisch Asset Management point to the boutique surpassing CHF10bn (€9bn) in AUM for the first time, as inflows continued across different strategies.
High yield, multi-asset and convertible bond funds attracted new money, as AUM grew by CHF616m (€558m) to CHF10.2bn (€9.2bn) between the end of December 2016 through to the end of June 2017. Over the past year, the manager reports that institutional demand tripled for multi-asset strategies.
Hansjörg Herzog, head of Clients & Markets and member of the Executive Committee at Fisch, said: “This is partially due to current market conditions leading investors to seek higher yields in the bonds market, but is also attributable to the ability of our high yield fund managers to generate attractive returns while maintaining a defensive approach that avoids the riskiest areas of the sector.”
The ongoing market environment, including “stretched market valuatinos” has also been a factor in renewed interest in the convertible bonds strategy over the past six months; the manager added that Juerg Sturzenegger and Philipp Good, appointed as co-CEOs of Fisch AM at the beginning of the year, “intend to intensify…international focus in the longer term.”