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.
+41
FundGlobam marketID
Switzerland
(CH)
Swiss Confederation
Confédération Helvétique, Schweizerische Eidgenossenschaft, Confederazione Svizzera
€ 892 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)
Asset allocation
domestic funds, excluding funds of funds
- Equity 34%
- Bond 24%
- Multi-assets 21%
- Money Market 2%
- Guaranteed/Protected 0%
- Real Estate 5%
- Other 14%
Fund domiciles
of funds distributed in Switzerland
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
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