FG_header-suisse
+41
FundGlobam marketID

Switzerland Switzerland

(CH)
Swiss Confederation
Confédération Helvétique, Schweizerische Eidgenossenschaft, Confederazione Svizzera
551 billion
Asset under management
in funds domiciled in Switzerland
+41
Population: 8,372,413 Capital City: Bern Official language(s): German, French and Italian Currency: Swiss Franc (CHF)

Switzerland is a CHF 1.9 trillion leading European market (€ 1.6 trillion): CHF 1.1 trillion (€ 930 bn) invested in Swiss and foreign collective schemes and CHF 850 billion (€ 730 billion) invested in discretionary mandates.

Asset allocation

domestic funds, excluding funds of funds

  • Equity 36%
  • Bond 29%
  • Multi-assets 25%
  • Money Market 4%
  • Guaranteed/Protected 0%
  • Real Estate 6%
  • Other 0%
Source: FundGlobam Last updated: 31/12/2017

Fund domiciles

of funds distributed in Switzerland

Source: FundGlobam Last updated: 31/12/2017

Net sales

domestic funds, excluding funds of funds

  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
Source: FundGlobam Last updated: 31/12/2017
Main Market orientation
MIXED
Distribution potential
High

A few words about this market

The CHF 1.9 trillion Swiss market has a long track of high potential distribution. However, the market is divided into two main market segments: a German speaking asset management market based in Zurich, and a French speaking private banking and wealth management market based in Geneva.

Market approach to cross-border marketing in Switzerland

Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
Regimes
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
Investors
Distribution to non-qualified investors (N-QI)
Retail (non-qualified), Professional (qualified)
Distribution to unregulated qualified investors (QI)
Professional (qualified)
Marketing to regulated entities
Regulated entities
Marketing
Direct
Distribution to non-qualified investors (N-QI)
No
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
Indirect
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
Internet
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
N/A
Local Representative Agent(s) ("LRA")
LRA requirements
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
No
Disclosure
Fund documentation
Distribution to non-qualified investors (N-QI)
Prospectus, Swiss KIIDs, Annual/Semi-annual reports, Constitutive document
Distribution to unregulated qualified investors (QI)
Prospectus, Swiss KIIDs, Annual/Semi-annual reports, Constitutive document
Marketing to regulated entities
Prospectus/PPM, Annual reports
NAV
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
No
Legal Announcement
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
No
Website
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
No
Language(s)
Distribution to non-qualified investors (N-QI)
German, French, Italian, English. KIIDs in German, French, Italian
Distribution to unregulated qualified investors (QI)
German, French, Italian, English. KIIDs in German, French, Italian
Marketing to regulated entities
No requirement
Registration
Registration procedure
Distribution to non-qualified investors (N-QI)
Prior FINMA approval
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Start marketing
Distribution to non-qualified investors (N-QI)
usually 3/8 weeks
Distribution to unregulated qualified investors (QI)
from LRA appointment
Marketing to regulated entities
N/A
Changes
Change procedure
Distribution to non-qualified investors (N-QI)
Prior FINMA notice
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Investor communication
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities

Cost approach to cross-border marketing in Switzerland

Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
Marketing to regulated entities
Cost table summary
DMCI/Cost Indicator 1
Distribution to non-qualified investors (N-QI)
High
Distribution to unregulated qualified investors (QI)
Medium+
Marketing to regulated entities
Low
Main costs
Distribution to non-qualified investors (N-QI)
LRA, Regualtory fees, Translation, Promotion, Sales force
Distribution to unregulated qualified investors (QI)
LRA, Translation, Promotion, Sales force
Marketing to regulated entities
Sales force

1 FundGlobam Distribution Market Cost Indicator ("DMCI")

Regulatory fees
Registration fee
Distribution to non-qualified investors (N-QI)
around CHF 10,000 per foreign CIS
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Annual fee (fixed)
Distribution to non-qualified investors (N-QI)
N/A
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Annual fee (variable)
Distribution to non-qualified investors (N-QI)
from CHF 1,000/change
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Other fee
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Eligibility
Distribution to non-qualified investors (N-QI)
Any foreign fund registered on 1 January
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Due date
Distribution to non-qualified investors (N-QI)
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A
Revision
Distribution to non-qualified investors (N-QI)
On regulatory change only
Distribution to unregulated qualified investors (QI)
N/A
Marketing to regulated entities
N/A

Regulator & Association

Competent Authority:
FINMA - Swiss Financial Market Competent Authority
Fund association:
SFAMA - Swiss Funds & Asset Management Association

Disclaimer

This marketID provides information about regulatory requirements, market practices and market trends. It is provided for general guidance and cannot be considered, relied upon or otherwise construed as legal advice or any other kind of advice such as, but not limited to, tax, regulatory or marketing advice. FundGlobam always endeavours to keep this marketID up to date. However, the information contained herein may be subject to rapid change and FundGlobam does not provide any guarantee as to the accuracy or reliability of the information in this marketID. FundGlobam does not accept any kind liability to any person for any direct or indirect loss, liability, cost, claim, expense or damage of any kind, whether in contract or in tort, including negligence, or otherwise arising out of, or related to, the use of all or part of the information contained in this marketID.
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