SIX Swiss Exchange expands ETF services
SIX Swiss Exchange has introduced listing and trading of active exchange traded funds (ETF).
Swiss & Global Asset Management is the first issuer and will offer 11 ETFs for trading on the exchange.
The exchange already offers services for passive ETFs.
Portfolio managers use active ETFs to actively optimize the composition of the fund on an ongoing basis by buying or selling selected equities or other securities.
Issuers must calculate the indicative net asset value (iNAV) on a regular basis and send this to SIX Swiss Exchange, and must also notify the exchange of the portfolio composition on a daily basis. Issuers must also publish the calculation method for the iNAV and, with a four-week delay, the complete portfolio composition on their own website.
Swiss & Global Asset Management is the first issuer and will offer 11 ETFs for trading on the exchange.
The exchange already offers services for passive ETFs.
Portfolio managers use active ETFs to actively optimize the composition of the fund on an ongoing basis by buying or selling selected equities or other securities.
Issuers must calculate the indicative net asset value (iNAV) on a regular basis and send this to SIX Swiss Exchange, and must also notify the exchange of the portfolio composition on a daily basis. Issuers must also publish the calculation method for the iNAV and, with a four-week delay, the complete portfolio composition on their own website.
Found this useful?
Take a complimentary trial of the FOW Marketing Intelligence Platform – the comprehensive source of news and analysis across the buy- and sell- side.
Gain access to:
- A single source of in-depth news, insight and analysis across Asset Management, Securities Finance, Custody, Fund Services and Derivatives
- Our interactive database, optimized to enable you to summarise data and build graphs outlining market activity
- Exclusive whitepapers, supplements and industry analysis curated and published by Futures & Options World
- Breaking news, daily and weekly alerts on the markets most relevant to you
