The Swiss fund market has experienced significant growth, reaching a total volume of CHF 1,565 billion in the third quarter of 2024. This represents an increase of CHF 196.8 billion, or 14.4%, since the beginning of the year.
The market has expanded by CHF 58.8 billion, or 3.8%, in just the last quarter. This growth is attributed to a favorable market environment and strategic shifts among major financial players. Adrian Schatzmann, CEO of the Asset Management Association Switzerland (AMAS), noted that the recent interest rate cuts have positively influenced investor sentiment, leading to increased investment in riskier asset classes.
In the last quarter alone, new money inflows amounted to CHF 13.8 billion, contributing to a total of CHF 23.7 billion since the start of the year. Bond and money market funds have attracted the most inflows, with money market funds receiving CHF 16.2 billion and bond funds receiving CHF 14.1 billion. Equity funds faced challenges earlier in the year but saw inflows of CHF 3.9 billion in the third quarter. Alternative investments also saw a shift in inflows, with CHF 42.2 million in September.
UBS has emerged as the dominant player in the Swiss fund market, with a market share of 36.3%, following the acquisition of Credit Suisse. Other providers such as Swisscanto, Blackrock, and Pictet have also increased their market shares. The changes in the market highlight the impact of strategic mergers and acquisitions on competitive positioning.
The Swiss fund market is undergoing a period of transformation influenced by external economic factors and internal industry shifts.