LONDON, April 21 (Reuters) – Credit score Suisse noticed buyers pull a file 4.6 billion euros ($5.04 billion) out of its funds on the top of the financial institution’s troubles final month, information revealed on Friday confirmed.
The info from Morningstar coated the entire of March, when a possible collapse of Credit score Suisse noticed Switzerland’s monetary authorities orchestrate its emergency takeover by rival UBS (UBSG.S).
The info additionally confirmed that Swisscanto, one other Swiss asset supervisor, noticed the second-largest influx of funds after iShares in March, with an estimated 6.2 billion euros pouring in.
Total, Europe-domiciled long-term funds skilled the primary mixed month-to-month outflow since November.
Going again during the last 12 months, the information additionally confirmed Credit score Suisse’s funds, which Morningstar counts as both open-ended fund and exchange-traded funds, had seen cash exiting each month aside from one.
($1 = 0.9127 euros)
Reporting by Marc Jones; Enhancing by Amanda Cooper
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