Private and institutional investors are continuing to plough money into Pictet’s funds, with the Geneva-based money manager attracting Sfr3.1bn (€2bn) to its Swiss business in the first three months of the year, according to data provider Lipper.

Lipper data also showed money inflows into Pictet’s Swiss funds actually accelerated in March to Sfr1.6bn, compared with an inflow of Sfr180m in February. Pictet now accounts for nearly 11% of the total Swiss funds business, compared with just over 9% a year ago.