Six carves out SMI for European usage, targets structured products and ETF providers
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.
The full story is only available to registered users and subscribers.
Sign Up now for access to our news and data.Sign Up