Fund market balance of 2023 and outlook

01.02.2024 10:48

Basel, 29 january 2024 -Assets under management in Swiss asset management rose in 2023. Net new money increasingly flowed into sustainability funds again. However, investors remained risk-averse, as was reported at the Asset Management Association Switzerland (AMAS) media conference on Monday. AMAS President Iwan Deplazes presented positions to the media on how Switzerland could become more competitive as an asset management centre.AMAS also supports the BVG reform.

A strong final quarter on the stock markets led to a positive result for the Swiss fund and asset management market for 2023. Thanks to performance gains and, to a lesser extent, net new money, the volume of the Swiss fund market rose by 3.7% to CHF 1,371 billion. AMAS expects assets under management for the entire Swiss asset management market (including discretionary mandates) to increase by around 5% to CHF 3,020 billion (previous year: CHF 2,878 billion).

This is the second-highest figure in history. Iwan Deplazes, President of the Asset Management Association Switzerland (AMAS), said at the annual media conference on Monday: "Asset management is a cornerstone of the Swiss financial centre. Switzerland's rise to 3rd place in Europe as a centre for asset management is proof of this. AMAS is also committed to strengthening the competitiveness of Swiss asset management in 2024. To this end, the association takes clear positions on current regulatory and location issues in the areas of sustainable finance and technology, as well as on expanding international market access."