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Six carves out SMI for European usage, targets structured products and ETF providers

Pablo Conde, 08 September 2017

SIX Swiss Exchange is opening up its Swiss Market Index (SMI) flagship available to European investors. The move is aimed at addressing the restrictions set up by the European Securities & Markets Authority (Esma) Undertakings for Collective Investment in Transferable Securities (Ucits) regulation in relation to the weight of the largest shares comprising the index and the diversification of the index components.

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