UBS has expanded its range of exchange-traded funds along with the launch of UBS-ETF SLI Swiss Leader Index, which tracks an index comprising the 30 largest and most liquid stocks on the S
UBS has expanded its range of exchange-traded funds along with the launch of UBS-ETF SLI Swiss Leader Index, which tracks an index comprising the 30 largest and most liquid stocks on the Swiss Exchange. Shares of the ETF are traded on the exchange and denominated in Swiss francs.
The Swiss Leader Index is an equity index launched in July and comprising the 30 most liquid and largest stocks in the Swiss stock market. The four stocks with the largest weighting are capped at a maximum 9 per cent of the index, while the cap for all other stocks in the index is 4.5 per cent. The cap is designed to offer investors better stock and sector diversification.
The index structure fulfils regulatory requirements in Switzerland, the European Union and the US, which means it will be possible to attract investors in other markets.
With the launch of the SLI ETF, UBS now has 10 exchange-traded listed on the Swiss exchange. Since 2001 investors had invested more than CHF3.3bn as of the end of August in UBS ETFs quoted internationally on major stock exchanges.
