2023-09-16 08:37:48
Published on September 16, 2023 at 10:37. Modified on September 16, 2023 at 10:48.
Much has been made of private clients and companies withdrawing their capital during the Credit Suisse crisis, with 61.2 billion having left the bank in the first quarter. Professional investors have started to move their investment funds between the different players in the sector in Switzerland. However, this movement does not benefit the largest asset managers: the ten largest among them collectively lost more than 2% of market share during the second quarter of 2023 – unprecedented in asset manager memory . The investment fund market is going through a redistribution, with winners and losers.
The Swiss investment fund market grew by 4.1% during the first half of the year, reaching a total volume of 1,377 billion francs. This increase is explained by the good performance of the markets (which contributed 3%) and by the net inflows of money (+1%). The ranking of the largest players has not changed, apart from the move of Lombard Odier from 7th to 9th place (for a market share increased from 2.1 to 1.6%), according to figures from the Asset Management Association (AMAS). UBS remains the largest asset manager in the country (25% market share), ahead of Credit Suisse (13%), Swisscanto (9.7%), BlackRock (7.8%) and Pictet (5.8%). ).
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