Asset management market remains stable

At year-end 2022, a total of 95 asset management firms were active in Liechtenstein. These held a total of approximately 54.2 billion Swiss francs, which reflects a decline of 1 percent year on year. The number of funds remained stable against the previous year. These findings come from two FMA brochures.

The Financial Market Authority (FMA) Liechtenstein has published a pair of reports covering the asset management market and Liechtenstein as a location for funds in the second half of 2022. The two brochures are designed to offer an overview of the market in each case, as the FMA writes on its website.

According to the asset management report, a total of 95 asset management firms were active in Liechtenstein at the end of 2022, which together administered a sum 54.2 billion Swiss francs overall. This equates to a decline of 0.5 billion Swiss francs (-1.0 percent) year on year. In the second half of 2022, five companies revoked their licences, while licences were awarded to two new companies.

The asset management firms reported net new money inflows in the amount of 763 million Swiss francs during the second half of 2022. According to the FMA, this represents the lowest inflow since 2018, a development which it attributes, among other aspects, to the turbulence seen on the financial markets over the course of the final six months of 2022. According to the report, the general market environment continued to be characterized by “high inflation, rising key interest rates, war in Europe, high energy prices and other uncertainties”.

At the end of 2022, the FMA counted a total of 561 managed funds on the fund market. This number has remained practically the same in comparison with the previous year, according to the relevant report. Net assets under management totalled 69.29 billion Swiss francs as at year-end 2022. This corresponds to a decline of 0.98 billion Swiss francs (-1.1 percent) versus the prior year.