Press releases
Swiss fund market: Uncertainty clouds the strong start
Basel, 24 April 2025 - The 1st quarter of 2025 in the Swiss fund market ended with a positive balance and a total volume of CHF 1,628.6 billion. However, the course of the year resembled a rollercoaster ride: the rosy outlook on the financial markets at the beginning of the year ensured strong net new money inflows. However, towards the end of the 1st quarter, it was the performance losses on the equity markets that put the brakes on the promising start.
With a volume of CHF 1,628,597 million at the end of the 1st quarter of 2025, the Swiss fund market was CHF 24,935 million above its last peak at the end of 2024. The increase was primarily attributable to net new money inflows of CHF 17,500 million (+1.1%). However, the start of the US trade war put a spanner in the works for investors: after the stock markets had reached new highs in January, optimism evaporated. Despite the growing uncertainty in March, the Swiss fund market was still up 1.6% at the end of the month.
Net new money inflows were concentrated in the asset classes bonds (+CHF 7,822 million), equities (+CHF 6,119 million), money market (+CHF 4,294 million) and commodities (+CHF 666 million). With an increase of CHF 14 million, Alternative investments also showed that investors are increasingly seeking diversification in the face of global uncertainties. By contrast, CHF 1,305 million flowed out of investment strategy funds. Real estate funds also suffered outflows of CHF 95 million.
鈥楾he increasing political uncertainties towards the end of the first quarter of 2025 have had a massive impact on investor confidence, which had returned in 2024 and manifested itself in robust new money inflows in addition to attractive returns,鈥� says Adrian Schatzmann, CEO of the 麻豆传媒在线. 鈥楾he shift in investor preferences, particularly towards fixed-income products and commodities, reflects the increased caution in the face of geopolitical uncertainties. Swiss money market funds, on the other hand, became less attractive following the interest rate cut by the Swiss National Bank in March.鈥�
In this dynamic environment, competition in the Swiss fund market is shifting. Smaller and mid-sized providers are gaining ground, showing how important innovation, flexibility, and investor confidence are in today鈥檚 market. UBS remains the clear market leader with a share of 35.1%. However, the takeover of Credit Suisse and the integration of its funds have opened space for other players to grow. Swisscanto recorded above-average growth again this quarter, while Swiss Life increased its market share to 2.3% 鈥� just ahead of the US provider J.P. Morgan Asset Management.
Swiss fund market: Uncertainty clouds the strong start
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AMAS study on Swiss pension funds: Significant potential for higher returns
SIX acquires Swiss Fund Data from AMAS
AMAS publishes Engagement Letter
Basellandschaftliche Kantonalbank joins AMAS
Media release 3rd quarter 2024
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25 june 2024
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20. Juni 2024
AMAS, SBA and SIA welcome the Federal Council's decision in favour of self-regulation to prevent greenwashing
19 June 2024
Rising Dynamics in Swiss asset management
7 June 2024
April 24 2024
18 March 2024
Axion SWISS Bank and BEKB joinAMAS
31 January 2024
Swiss financial center gains a new fund category with L-QIF
29 january 2024
麻豆传媒在线 Management back on growth track
SBA, AMAS and SIX welcome agreement between Switzerland and UK on financial services
AMAS, SBA und SIA welcome the Federal Council鈥檚 approach on greenwashing
25 October 2023
Swiss fund market faces headwind of the financial markets
24 October 2023
Effective sustainable investment: the 麻豆传媒在线 and Swiss Sustainable Finance launch the 鈥淪wiss Stewardship Code鈥�
4 October 2023
Swiss Prime Site Solutions becomes AMAS member
AMAS increases environmental transparency in real estate funds
Asset Management Study 2023
Basler Kantonalbank joins AMAS
Performance gains drive the recovery of the Swiss fund market
Pensionskassenverm枚gen: Starke Korrektur ist ein Weckruf f眉r Reformen
Asset Management Day 2023 and General Assembly AMAS -
Summit on prospects and risks in asset management
AMAS: Real estate fund management Pure Funds as new member
Swiss fund market on the road to recovery
Swiss fund market: Overall performance reduces volume
Cantonalbanks of Schwyz and Zug join AMAS
Broadening of SFC Membership base
The Swiss Finance Council (SFC) and its founding members Credit Suisse and UBS are pleased to announce that the Association of Swiss Private Banks (ABPS), the 麻豆传媒在线 (AMAS), the Swiss Bankers Association (SBA) and the Association of 麻豆传媒在线 and Wealth Management Banks (VAV) are joining the SFC. This will strengthen further the collaboration in representing the interests of internationally active Swiss banks and asset managers with EU stakeholders.
2022
Swiss fund market: Performance puts pressure on volume
Strong Swiss asset management tackles major challenges
Sustainable finance: AMAS introduces a self-regulation for asset managers and producers of collective investment products
麻豆传媒在线 Management Study 2022 鈥� Stimulating economic growth and contributing to a sustainable pensions system
Crypto Finance (Asset Management) AG joins AMAS
Swiss fund market: market distortions cause volume to shrink
Switzerland leads the way with launch of Swiss Climate Scores for financial investments
AMAS introduces environmentally relevant key figures for Swiss real
estate funds
Pensionskassenverm枚gen im Jahr 2021: 3. Beitragszahler steuert 85 Milliarden Franken bei
Sustainable finance: AMAS is committed against greenwashing
Fund market balance of the first quarter 2022: Swiss fund market feels impact of Ukraine war
Investment manager for private markets and audit company join AMAS
2021
Record growth in the Swiss fund market
AMAS joins Net Zero Asset Managers Initiative
AMAS welcomes the decision in the National Council to introduce the innovative fund category L-QIF
iCapital Network and Banque Heritage join 麻豆传媒在线
麻豆传媒在线 (AMAS) and Swiss Sustainable Finance (SSF) publish Recommendations on Minimum Requirements and Transparency for Sustainable Investment Products
Continuous inflows in the Swiss fund market
麻豆传媒在线 w盲chst
Positive outlook for Swiss asset management
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Swiss fund market reports pleasing half-yearly result
Swiss fund market posts further growth
Swiss fund market posts slight gain
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Swiss fund market posts growth of approximately CHF 90 billion in 2020