Press releases
Swiss fund market grows thanks to net new money and returns
Basel, 28 October 2025 鈥� The Swiss fund market continued to grow in the third quarter of 2025. At the end of the reporting period, the volume stood at CHF 1,666,454 million. Growth in the current year is being driven by both net new money and returns on the equity market. Recently, however, investors have been exercising greater caution and restructuring their investments.
The Swiss fund market rose to a volume of CHF 1,666,454 million in the third quarter of 2025. This corresponds to growth of CHF 93,084 million or 5.6% in the current year. In the third quarter alone, growth amounted to CHF 72,984 million or 4.4%. The main drivers of growth in the third quarter were returns on the equity and commodity markets.
New money inflows amounted to just under CHF 6 billion during the period. Since the beginning of the year, CHF 35.4 billion in new money has flowed into the Swiss fund market, representing an increase of 2.1%. Market returns contributed 3.5%. 鈥業t is encouraging that the Swiss fund market remains attractive to investors and continues to attract new money even in politically turbulent times. The high inflows into equity funds in 2025 are evidence of continued confidence in the financial markets,鈥� says Adrian Schatzmann, CEO of the 麻豆传媒在线 (AMAS).
Over the course of the year, equity funds recorded the highest inflows of new money at CHF 16.6 billion, ahead of bond funds at just under CHF 14 billion. In the third quarter, bond funds alone attracted CHF 5.4 billion in new money, followed by commodity funds with around CHF 2.6 billion. Equity funds, on the other hand, recorded new money inflows of only CHF 765 million in the third quarter, while money market funds saw outflows of around CHF 2.6 billion. Outflows from investment strategy funds also continued, totalling CHF 3 billion over the course of the year, while the volume of alternative investments rose slightly to CHF 6.6 billion.
UBS expanded its market leadership to 36.2% in the third quarter of 2025, while its closest rivals Swisscanto, Blackrock and Pictet were able to defend their market shares. However, the second half of the ranking shows a slight shift, with Swiss Life overtaking Vontobel in terms of volume. In terms of market share, both are neck and neck at 2.4%.
Performance of selected indexes and currencies up to the end of the third quarter 2025: Dow Jones +9.06%, S&P 500 +13.72%, EURO STOXX 50 +12.95%, SMI +4.25%, SBI +0.58%, and Bloomberg Barclays US Aggregate Bond Index +6.13%. The EUR lost 0.62% against the Swiss franc, while the USD lost 12.28%. The statistics compiled by Swiss Fund Data AG and Morningstar are based on the FINMA approvals list and cover all funds under Swiss law as well as all foreign funds approved for public sale in Switzerland, including their institutional unit classes. Foreign funds restricted exclusively to qualified investors are not covered by the statistics because they are only placed privately and cannot receive FINMA approval.
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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.
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