Swiss fund assets up 2.4% MoM in November

Jonathan Boyd
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Swiss fund assets up 2.4% MoM in November

Total assets of funds covered by Swiss Fund Data and Morningstar hit CHF1,234.1bn at the end of November, up some CHF29.9bn or 2.4% over the month, as net inflows hit CHF6bn.

Of those net inflows, bond funds attracted CHF3bn, equity funds CHF1.5bn, and money market funds CHF1.2bn. Commodite funds saw net outflows of CHF146.5bn.

Markus Fuchs, managing director of the Swiss Funds & Asset Management Association (SFAMA), said: "The positive sentiment on the financial markets persisted and in fact became more pronounced than in October. The main exchanges thus posted even bigger gains than they had in the prior month, and volumes on the Swiss fund market rose accordingly. The trend in net inflows also strengthened to a pleasing degree last month. Investors placed the most new money in bond funds, followed by equity funds and money market funds."

 

(Source: SFAMA)

Jonathan Boyd
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Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.