CACEIS NEWS 42 EN

8 caceis news - No. 42 - June 2015 Worldwide

Country Focus - Switzerland

Europe

Source: EFAMA - February 2015

Source: EFAMA - April 2015

Germany focus in the next CACEIS news

Number of Swiss open-ended collective investment schemes and assets under management (CHF billion)

Worldwide Investment Fund Assets Q4 2014 (€ trillion)

Net asset of the European Fund industry Q4 2014

+12.4% /Q4 2013

Assets under management in Switzerland came to a new all-time high of CHF 649 billion in December 2014 (CHF 577 billion in December 2013 + 12.4% ).

+3.9% /Q3 2014

The combined assets of the investment fund market in Europe, i.e. the market for UCITS and non-UCITS increased 2.6% during the fourth quarter to stand at €11.34 trillion at end December 2014. Overall in 2014, net assets of total investment fund industry increased 15.7%. €11.34tr +2.6% /Q3 2014

CHF 649bn

€28tr

Worldwide investment fund assets reach all- time high at €28trillion in Q4 2014 reflecting growth of 3.9% during the fourth quarter and 18.9% since end 2013.

Other funds for alternative investments Other funds for traditional investments

AuM

Securities funds Real estate funds

1,498

2013

2014

1,431

1,387

1,389

1,369

1,336

649

700

1400

600

1200

500

1000

432

Top Ten

400

800

Trends by investment type Q4 2014 (€ trillion) Equity fund assets worldwide increased 4.4% during the fourth quarter to €11.4 trillion. Net assets of balanced/mixed funds increased by 3.1% to stand at €3.3 trillion, whilst net assets of bond funds rose 2.5% to stand at €6.0 trillion. Money market funds enjoyed growth in net assets of 6.0% during the quarter to stand at €3.7 trillion.

300

600

200

400

Ireland € 1.7 tr

Luxembourg € 3.0 tr

100

200

0

0

2009

2010

2011

2012

2013

2014

Source: FINMA- SNB

Number and growth trend in Swiss-based asset managers of collective investment schemes (CHF billion)

Germany € 1.6 tr

France € 1.6 tr

€11.4tr €6.1tr €3.7tr €3.3tr

+26.8% /Q4 2013

+4.4%

Equity

CHF 151bn

+2.5%

Bonds

Switzerland € 415 bn

UK € 1.3 tr

38

40

200

Money Market

Newly authorised asset managers of collective investment schemes Number of asset managers of collective investment schemes

+6.0%

151

30

150

+3.1 %

119

Balanced

70 19

99

90

20

100

83

12

Italy € 248 bn

Sweden € 252 bn

10

10

50

8

4 6

0

0

2009

2010

2011

2012

2013

2014

The number of licensed CIS asset managers had risen to 151 by the end of 2014 (2013: 119)

€

2

Spain € 229 bn

Denmark € 230bn

Source: FINMA

0

Q4

Q1

Q2

Q3

Q4

2013

2014

Top 10 providers on the Swiss fund market (in CHF bn / %)

Net sales of Investment Funds Q4 2014 (€ billion) €335bn +15.5% /Q3 2014 Overall, worldwide investment funds attracted net sales of €1,17 trillion in 2014. Worldwide net sales to all funds was €335 billion in the fourth quarter, compared to €290 billion of net inflows in the third quarter of 2014 (+15.5%).

Net sales of UCITS

Q4 2014 (€ billion)

-45% /Q3 2014

Credit Suisse 15.1%

Pictet 5.8%

Swisscanto 4.8%

BlackRock 4.7%

UBS 25.8%

€59bn

226 bn

132 bn

51 bn

42 bn

41 bn

CHF

CHF

CHF

CHF

CHF

UCITS posted net inflows of €59 billion during the quarter, down from €130 billion in the third quarter.

335

148

Zürcher Kantonalbank 4.5%

Swiss & Global AM 3%

Lombard Odier 2.3%

292

290

Vontobel 1.5%

JPMorgan 1.4%

132

126 130

252

229

182 182

59

40 bn

27 bn

20 bn

14 bn

13 bn

51

109

CHF

CHF

CHF

CHF

CHF

34

12

Source: SFAMA - April 2015

2013

2014

2013

2014

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