Increase in Asset Movement to Swiss Financial Institutions by American Wealthy Individuals

American wealthy individuals are increasingly opening accounts and transferring assets to Swiss financial institutions, CNBC reported on the 18th (local time).

Swiss banks have stated that there has been a significant increase in inquiries regarding investment account openings and fund transfers from American wealthy individuals in recent months.

The main reasons for this asset movement include the depreciation of the dollar, the economic impact of the tariff policies implemented during the Donald Trump administration, and increased economic uncertainty due to the fiscal deficit of the U.S. federal government.

American investors are turning to the Swiss financial system to mitigate these economic risks.

'De-Americanization' Phenomenon and Switzerland's Attractive Factors

CNBC referred to this trend as 'de-Americanization,' citing comments from investors and banks.

There are several reasons why Switzerland is attractive to American wealthy individuals.

CNBC noted that Switzerland is a politically neutral country, has economic stability, possesses a strong currency in the Swiss franc, and has a reliable legal system as key factors.

While Swiss banks were previously seen as tax havens, they are now known for stricter regulations and have increased transparency by requiring tax-related documents from clients.

Image source: Donald Trump, President of the United States / gettyimageskorea