麻豆传媒在线

Strong market returns give Swiss asset management a boost

Basel, 5 February 2025 - After a year of strong market returns, the Swiss asset management industry is in excellent shape in terms of assets under management. Net new money inflows, which were above the market average, also helped both the fund market and the asset management market as a whole to reach new record levels, as Iwan Deplazes, Chairman of the 麻豆传媒在线, explained to the media on Wednesday. Those insured under occupational pension schemes (BVG) in particular also benefited from the positive trend. Capital market income contributed over CHF 90 billion to Swiss pension fund assets in 2024.

Following significant growth, both the Swiss fund and asset management markets reached new record levels in terms of volumes in 2024. In the fund market, assets under management totalled CHF 1.62 trillion at the end of 2024, which corresponds to an increase of 16.5 % or CHF 228 billion. For the Swiss asset management market (with discretionary mandates), AMAS expects growth of at least 8%, meaning that assets under management will have reached CHF 3.37 trillion. 鈥楽wiss asset management has proven its strength and relevance in 2024,鈥� AMAS Chairman Iwan Deplazes told the media on Wednesday. 鈥榃e have already realised in recent years that the export of our investment solutions and services is a growth driver for the industry. Swiss asset management has the strongest growth rate in Europe and is gaining market share. In view of the growing need for investment and financing in Europe and other economic areas, AMAS 2025 is firmly committed to expanding international market access.鈥�

In the Swiss fund market, a performance of 14.6% contributed to an increase in volume to CHF 1,615,003 million, with equity funds clearly the driving force. Strong returns in mixed asset funds and bond funds also contributed to the overall growth. 鈥楤ehind these bare figures lies an important achievement for Swiss society, which is particularly evident in the occupational pension scheme (BVG),鈥� said AMAS CEO Adrian Schatzmann. 鈥楾he income generated on the capital market in 2024 alone amounts to around CHF 90 billion. Since 2004, more than CHF 600 billion has flowed into Swiss pension funds after deduction of fees.鈥�

The distribution of net new money inflows totalling CHF 26.3 billion reveals that the risk aversion that has prevailed since 2022 only decreased in the course of 2024. There was a net inflow of CHF 15.6 billion into money market funds, CHF 12.8 billion into bond funds and a net CHF 4.8 billion into equity funds at the end of 2024. Outflows were seen in investment strategy funds at minus CHF 4.7 billion and alternatives at minus CHF 1.6 billion.

The market structure of Swiss asset management has changed completely since Credit Suisse was fully integrated into UBS. UBS is now in the lead with a market share of 35.4%, followed by Swisscanto with 10.7% and iShares with 6.5%.

In his outlook, AMAS Chairman Iwan Deplazes addressed the major challenges facing the global asset management industry: The continuing trend towards passive investments, the flattening growth momentum and the pressure on fees and margins, which is accelerating consolidation. 鈥楬owever, the above-average growth of Swiss asset management in recent years proves that our industry remains very competitive in the face of these global developments,鈥� says Deplazes. 鈥榃e definitely see further opportunities for growth. The high demand for financing in the various economic areas as well as for driving the transformation to a net zero economy puts asset managers in a central role by providing the necessary capital to fast-growing and forward-looking industries as intermediaries.

Full presentation of the press concerence

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.