As funds flooded into European asset managers' funds in the first half of the year, UBS managed to emerge as one of the top three and four of the top 50 fund managers are based in Switzerland.
The total net inflows into European funds in the first half of 2021 came to 462.2 billion euros ($548.8 billion), «e-fundresearch.com» (in German) said based on an assessment of data from Morningstar.
By comparison, for the whole of 2020, that figure was just 382.87 billion euros. But on closer inspection, there are also a good few losers. There were 910 fund providers (around 64 percent) whose inflows were offset by 519 (36 percent) who had net outflows.
High net inflows
The data showed exactly 100 fund providers posted net inflows of over a billion euros. The three best-selling asset managers iShares (35.5 billion euros), BlackRock (27.4 billion euros) and UBS (19.1 billion euros) alone accounted for almost 18 percent of net inflows.
The others in the top ten were J.P. Morgen, Amundi, Vanguard, Allianz Global, Xtrackers Schroders and BNP Paribas.
Another Four Swiss Companies in Top 50
Four other Swiss providers made it into the top 50 in terms of inflows: Pictet (12th place), Swisscanto (21st), Credit Suisse (23rd) and Lombard Odier (37th). These four had net inflows of between 3.1 billion and 8.8 billion euros.
Both active and passive fund strategies (including exchange traded funds) were taken into account in the survey. However, money market funds and fund of funds strategies were not included.
