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Today's launch of 13 db x-trackers from Deutsche Bank AG expands the ETF segment of the SWX to 112 exchange-traded funds from 10 different issuers.
Some 51 ETFs from two new and five existing issuers have been listed on the SWX this year alone, almost doubling the choice of products in the ETF segment since the start of 2007. ETF trading volumes were also 55% higher in the first half of 2007 than in the same period in 2006.
Alain Picard, Product Manager of ETFs & Other Financial Products at the SWX & virt-x, observed: "ETFs are becoming more and more popular in Switzerland. These flexible, low-cost products meet the varied needs of private and institutional investors alike. The choice of products in various asset classes, such as equities, bonds and commodities, is growing all the time. These new ETF will give investors access to even more regions, sectors, investment styles and strategies."
The SWX is delighted with the growth of the ETF segment and wishes these products, their issuers and market makers a very successful future.
Deutsche Bank, London Branch, has signed a market-making agreement with SWX and will be responsible for ensuring liquidity in these securities.
