Press releases

Swiss Asset Management: Increasing relevance following substantial growth

Basel, 25 june 2024- The Swiss asset management industry is back on a robust growth trajectory and is proving to be an important pillar of the economy. This is shown by the results of the Swiss Asset Management Study 2024 published by the Asset Management Association Switzerland (AMAS) and Lucerne University of Applied Sciences and Arts (HSLU). Even after the takeover of Credit Suisse by UBS, the Swiss asset management industry is characterised by its high level of international competitiveness and a broadly diversified range of products and services. This benefits the pension system in particular.

After a challenging year in 2022, the Swiss asset management industry has returned to its robust growth trajectory. Assets under management (AuM) in Switzerland rose by 8.3 % to CHF 3,177 billion in 2023, making Switzerland currently the third-largest asset market in Europe. The industry's growth proves that asset management as a whole is an important pillar of the Swiss economy and is proving to be profitable for a wide range of stakeholders.

The asset management industry contributed around one per cent to Switzerland's GDP in 2023. It generated CHF 4.05 billion in profits, paid CHF 0.59 billion in taxes and provides around 58,700 full-time jobs. Pension funds make up a significant part of the asset management industry's client base: This paid off in 2023 in the 2nd pillar through generated capital market contributions totalling CHF 59 billion, which underlines the elementary role of asset management in the Swiss pension system.

Adrian Schatzmann, CEO of the Asset Management Association Switzerland (AMAS), comments: "The Asset Management Study 2024 confirms that the sector is not only a key pillar of the Swiss economy but will become even more important in the coming years. The development of the industry is characterised by substantial growth, increased social relevance, a stronger commitment to sustainability, a shift towards private and less liquid markets, increased regulatory control and transformative technological advances."

Juerg Fausch, economist at the Lucerne University of Applied Sciences and Arts and co-author of the study, adds: "In 2023, around 30 per cent of assets under management (AuM) were managed for foreign institutional clients. Over the seven-year period from 2017 to 2023, the export share increased by 4.8 percentage points. This high export share illustrates the international demand for Swiss wealth management and underlines the importance of domestic expertise."

The takeover of Credit Suisse by UBS marked a significant turning point for the Swiss asset management industry in 2023 and changed the market structure. In 2023, UBS was the largest Swiss asset manager with a market share of 9.3 per cent, while Credit Suisse held 8.3 per cent.

The acquisition will potentially give UBS a market share of 18 per cent, but the competitive landscape, which is strongly influenced by the presence of foreign asset managers and larger cantonal banks, prevents it from achieving a dominant market position. The share of alternative investments in the asset mix of Swiss asset managers has continued to grow to 24%, further strengthening Switzerland's position in this high-margin business. While passive investments continued to grow, active management remained predominant among Swiss asset managers.

Despite the strong growth in 2023, the Swiss asset management industry faces several challenges. Firstly, while assets under management grew in 2023, the industry's profitability developed negatively. Secondly, there is increasing public pressure on asset managers to make a measurable contribution to climate protection and greater sustainability. Initiatives for sustainable finance such as self-regulation, the Swiss Climate Scores and the Swiss Stewardship Code, which is actively promoted by the Asset Management Association Switzerland (AMAS), are gaining importance among Swiss asset managers and are likely to make a significant contribution to the fulfilment of sustainability goals.

Link to the Swiss Asset Management Study 2024

EN
DE FR
Media release 08/2024

Swiss Asset Management Study 2024

25 june 2024

DE
Medienmitteilung 07/2024

Report: 3. Beitragszahler erweist sich als Garant für die Qualität des Vorsorgesystems
20. Juni 2024

(the document is not available in the current language Englisch, but in another language)
EN
DE FR
Media release 06/2024

AMAS, SBA and SIA welcome the Federal Council's decision in favour of self-regulation to prevent greenwashing
19 June 2024

EN
DE FR
Press release 05/2024

Rising Dynamics in Swiss asset management
7 June 2024

EN
DE FR
Press release 4/2024

April 24 2024

Media release 3/2024

18 March 2024
Axion SWISS Bank and BEKB joinAMAS

EN
DE FR
Press release 2/2024

31 January 2024

Swiss financial center gains a new fund category with L-QIF

EN
DE FR
Press Release 1/2024

29 january 2024

Swiss Asset Management back on growth track

Press release 15/2023

SBA, AMAS and SIX welcome agreement between Switzerland and UK on financial services

EN
DE FR
Press release 14/2023

AMAS, SBA und SIA welcome the Federal Council’s approach on greenwashing

25 October 2023

EN
DE FR
Press release 13/2023

Swiss fund market faces headwind of the financial markets
24 October 2023

EN
DE FR
Media Release 12/2023

Effective sustainable investment: the Asset Management Association Switzerland and Swiss Sustainable Finance launch the “Swiss Stewardship Code”
4 October 2023

EN
DE FR
Media Release 11/2023

Swiss Prime Site Solutions becomes AMAS member

EN
DE FR
Media Release 10/2023

AMAS increases environmental transparency in real estate funds

EN
DE FR
Press Release 09/2023

Asset Management Study 2023

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DE FR
Media Release 08/2023

Basler Kantonalbank joins AMAS

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DE FR
Media release 07/2023

Performance gains drive the recovery of the Swiss fund market

DE
Medienmitteilung 06/2023

Pensionskassenvermögen: Starke Korrektur ist ein Weckruf für Reformen

(the document is not available in the current language Englisch, but in another language)
EN
DE FR
Media release 05/2023

Asset Management Day 2023 and General Assembly AMAS -
Summit on prospects and risks in asset management

EN
DE FR
Media release 04/2023

AMAS: Real estate fund management Pure Funds as new member

EN
DE FR
Media release 03/2023

Swiss fund market on the road to recovery

EN
DE FR
Media release 02/2023

Swiss fund market: Overall performance reduces volume

EN
DE FR
Media release 01/2023

Cantonalbanks of Schwyz and Zug join AMAS

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 Asset Management Association Switzerland (AMAS), the Swiss Bankers Association (SBA) and the Association of Swiss Asset 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.

Link to the press release

2022

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Media release 12/2022

Swiss fund market: Performance puts pressure on volume

EN
DE FR
Media release 11/2022

Strong Swiss asset management tackles major challenges

EN
DE FR
Media Release 10/2022

Sustainable finance: AMAS introduces a self-regulation for asset managers and producers of collective investment products

EN
DE FR
Media Release 09/2022

Swiss Asset Management Study 2022 – Stimulating economic growth and contributing to a sustainable pensions system

EN
DE FR
Media Release 08/2022

Crypto Finance (Asset Management) AG joins AMAS

EN
DE FR
Media Release 07/2022

Swiss fund market: market distortions cause volume to shrink

Media Release 06/2022

Switzerland leads the way with launch of Swiss Climate Scores for financial investments

EN
DE FR
Media Release 05/2022

AMAS introduces environmentally relevant key figures for Swiss real
estate funds

DE FR
Media Release 04/2022

Pensionskassenvermögen im Jahr 2021: 3. Beitragszahler steuert 85 Milliarden Franken bei

(the document is not available in the current language Englisch, but in another language)
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Media release 03/2022

Sustainable finance: AMAS is committed against greenwashing

EN
DE FR
Media release 02/2022

Fund market balance of the first quarter 2022: Swiss fund market feels impact of Ukraine war

EN
DE FR
Media release 01/2022

Investment manager for private markets and audit company join AMAS

2021

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DE FR
Media release 16/2021

Record growth in the Swiss fund market

EN
DE FR
Media release 15/2021

AMAS joins Net Zero Asset Managers Initiative

EN
DE FR
Media release 14/2021

AMAS welcomes the decision in the National Council to introduce the innovative fund category L-QIF

EN
DE FR
Media release 13/2021

iCapital Network and Banque Heritage join Asset Management Association Switzerland

EN
DE FR
Media release 12/2021

Asset Management Association Switzerland (AMAS) and Swiss Sustainable Finance (SSF) publish Recommendations on Minimum Requirements and Transparency for Sustainable Investment Products

EN
DE FR
Media release 11/2021

Continuous inflows in the Swiss fund market

DE
Media Release 10/2021

Asset Management Association Switzerland wächst

(the document is not available in the current language Englisch, but in another language)
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Media release 09/2021

Positive outlook for Swiss asset management

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DE FR
Media release 08/2021

Swiss Asset Management Study 2021 – Strong growth in a challenging year

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Media release 07/2021

Swiss fund market reports pleasing half-yearly result

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Media release 06/2021

Swiss fund market posts further growth

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DE FR
Media release 05/2021

Swiss fund market posts slight gain

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DE FR
Media release 04/2021

Swiss fund market posts further gains

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DE FR
Media release 03/2021

Swiss fund market growing again

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DE FR
Media release 02/2021

Swiss fund market posts slight gain thanks to new money

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Media Release 01/2021

Swiss fund market posts growth of approximately CHF 90 billion in 2020