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Swiss fund market faces headwind of the financial markets
Basel, 24 october 2023 - The 3rd quarter of 2023 slowed the growth momentum of the Swiss fund market in the current year. With the exception of money market funds, all asset classes suffered slight outflows. The negative performance also had a impact on volume. On balance, however, the preliminary balance for 2023 remains positive.
In the 3rd quarter of 2023, the stock markets suffered from depressed market sentiment, which manifested itself in the Swiss fund market in performance losses and money outflows. This put the brakes on the growth momentum that had emerged in the Swiss fund market at the beginning of the year. At the end of September 2023, the volume in the Swiss fund market was CHF 1,360,755 million. Compared to the end of June, this corresponds to a decline of CHF 18,467 million or 1.3 %. Since the beginning of the year, the Swiss fund market has still gained CHF 36,727 million or 2.8 %. Of this increase, CHF 25,417 million or 1.9 % is attributable to performance and CHF 11,310 million or 0.9 % to new money inflows.
The development of the various asset classes was uneven: Over the entire nine months, only equity and money market funds achieved a positive inflow of new money. For equity funds, this amounted to CHF 3.9 billion, for money market funds to CHF 15.6 billion. This asset class was the only one in which the positive development continued in the past third quarter. Investment strategy funds suffered outflows of CHF 2.5 billion, bond funds CHF 2.0 billion and alternative investments CHF 1.4 billion. Commodity funds (CHF -1.3 billion) and real estate funds (CHF 548 million) also lost volume.
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