The Swiss Stock Exchange, SIX, has made an announcement today. The announcement was in regards to adding yet another high-profile issuer, this time Credit Suisse Asset Management, to its ETF segment.
Adding ETFs To The Roster
For a start, Credit Suisse will list its first five ETFs on the SIX exchange, which will increase the range of choices available to investors, particularly in the ESG space. With the new addition, SIX boasts a total of 25 ETF providers on its platform, with the amount of ETFs it offers totaling in 1,564.
Four of these new ETFs, which have been branded Credit Suisse Index Fund, will allow investors to gain exposure to a wide range of ESG portfolios. As it stands now, these four ESG products have been benchmarked as MSCI World ESG Leaders, and MSCI USA ESG Leaders, respectively. The underlying indices are set to select the top 50% of companies by measuring social, corporate, as well as environmental governance performance within each sector of the respective parent index.
Serving An Open Niche
These new ETFs aim to answer the needs of investors, particularly those that have geared their processes and systems to on-exchange trading formats. The liquidity for all five of these ETFs will be provided through Credit Suisse Europe, who has recently joined the ETF segment as a market maker. Helping them along with liquidity will be Flow Traders.
The entire ETF segment of the Swiss Stock Exchange has registered continued growth within 2019. Trading turnovers rose by 24% when compared to 2018, with the numbers clocking in at CHF 124.7 billion. Sustainable ETFS marked an increase of 18% over last year, clocking in at CHF 1.08 billion in 2019.
Growth Among Fear
Credit Suisse Asset Management (Switzerland) Ltd is a part of the asset management business unit of the Credit Suisse Group. It stands as part of the Credit Suisse International Wealth Management division and is set to manage assets that clock in at CHF 426 billion spread across the globe.
The Swiss Stock Exchange has enjoyed a relative amount of growth, as of late, and it’s good to see that some economic growth is occurring despite the overall collapse in world stocks. With any luck, the great coronavirus scare of 2020 will be over within the next few months, and the world’s markets can return to business as usual.