Bringing you live news and features since 2006 

Dow to underlie ETF in Switzerland

RELATED TOPICS​

The Dow Jones Industrial Average has been licensed to Credit Suisse to serve as underlying for an exchange-traded fund.

The Xmtch (IE) on Dow Jones Industrial Average is available at the SIX Swiss Exchange.

"The Dow Jones Industrial Average is an American icon and the world’s most frequently quoted stock market indicator, with a history of well over 100 years," says Michael A. Petronella, president, Dow Jones Indexes. "By licensing The Dow, Credit Suisse adds a supreme benchmark to their ETF portfolio, and enables market participants to measure the performance of the US market through 30 well chosen blue chip companies."

The Dow Jones Industrial Average is a price-weighted index that tracks 30 of the biggest and most widely recognised blue-chip stocks in the US selected by the editors of The Wall Street Journal.

It covers industries such as financial services, technology, retail, entertainment and consumer goods.

To calculate the Dow, the sum of the stock prices are divided by an index divisor, which is used to adjust for stock splits and other corporate actions that may affect the index’s composition.

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by