SFA: Schweizer Fondsmarkt im August stabil bei knapp 700 Mrd. CHF, Nettomittelzuflüsse rund 2.2 Mrd. CHF, Mittwoch, 19. September 2012 - 14:44

Media release

Fund Market Statistics – August 2012 Swiss fund market stable at just under CHF 700 billion

Basel, 19 September 2012 – In August 2012, the volume of assets placed in the investment funds covered by the statistics reached some CHF 699 billion, an increase of CHF 4.8 billion month-on-month.

At the end of August 2012, the total volume of assets in the investment funds covered by the statistics compiled by Swiss Fund Data AG and Lipper stood at around CHF 699.0 billion, compared with CHF 694.2 billion in July. Of this figure of just under CHF 700 billion, Swiss funds for institutional investors accounted for CHF 273.3 billion.

“There was a relatively stable development in the month under review. The equity markets showed more of a sideways trend. Currency effects – which were still having a strong influence in July – were almost entirely absent as the CHF recovered against the EUR and USD. It therefore comes as no surprise that fund volumes remained roughly on a par month-on-month in August,” said Dr. Matthäus Den Otter, CEO of the Swiss Funds Association SFA. By comparison, the figures for selected indexes were as follows: Dow Jones +0.63%, S&P 500 +1.98%, and SMI -0.18%. The EUR and USD lost 0.02% and 2.26% respectively against the CHF.

Net inflows totaled CHF 2.2 billion in August 2012. Bond funds attracted the most new money (CHF 2.3 billion), followed by money market funds (CHF 498 million) and commodities funds (CHF 366 million). There were outflows from asset allocation funds (CHF 179 million) and especially equity funds (CHF 755 million). The following equity fund categories suffered outflows in particular: UK, US, Global, and Emerging Markets Global. Development of the Swiss fund market in August 2012 (amounts in CHF millions)

Fund category Volumes July 2012 Volumes August 2012 Change Net inflows/outflows

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Equity funds 227,030 227,079 49 -754.8 Bond funds 230,391 232,348 1,957 2,297.1 Money market funds 88,343 89,536 1,193 497.7 Asset allocation funds 76,361 76,656 295 -179.3 Other funds 3,154 3,176 22 11.2 Commodities 35,022 36,259 1,237 366.4 Alternative investments 5,899 5,910 11 -3.7 Real estate funds 27,993 27,996 3 -6.5 Total Swiss market 694,193 698,960 4,767 2,228.1

Top 10 providers on the Swiss fund market (in CHF millions / %) Provider Volumes July 2012 Volumes August 2012 Market share August 2012

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UBS 163,933 163,377 23.37 Credit Suisse 113,137 112,161 16.05 Pictet 53,045 53,325 7.63 Swisscanto 42,657 42,165 6.03 Zürcher Kantonalbank 33,768 34,979 5.00 Swiss & Global Asset Management 31,495 31,936 4.57 Lombard Odier 19,111 19,378 2.77 JP Morgan 14,802 14,650 2.10 BlackRock 11,681 13,140 1.88 Zurich 11,118 11,137 1.59

Contact: Dr. Matthäus Den Otter, CEO of the Swiss Funds Association SFA, tel. +41 (0)61 278 98 00

The statistics are based on the FINMA authorization list and cover all funds under Swiss law as well as all foreign funds authorized for public sale in Switzerland, including their institutional unit classes. Foreign funds restricted exclusively to qualified investors are not covered by the statistics given that these products are only placed privately and cannot receive FINMA authorization.

The Swiss Funds Association SFA, which was established in Basel in 1992, is the representative association of the Swiss fund and asset management industry. Its members include all the major Swiss fund management companies, many representatives of foreign collective investment schemes, and asset managers of collective investment schemes. These cover more than 95% of the assets of funds distributed in Switzerland. Among the SFA’s members there are also numerous other service providers operating in the collective investment schemes sector. The SFA is an active member of the Brussels-based European Fund and Asset Management Association (EFAMA) and the International Investment Funds Association (IIFA) in Montreal. For further information, please see: www.sfa.ch.