Credit Suisse Asset Management has launched XMTCH, the first exchange traded fund on the Swiss Market Index.
According to Credit Suisse, XMTCH invests exclusively in shares of the SMI. It will track the index 1:1 as far as possible. Any changes in the composition of the index will also made to the fund.
Credit Suisse claim that investors will be able to track the fund’s performance easily by simply following the performance of the index, as the value of a unit is about 1% of the underlying value of the SMI in Swiss francs.
By Geoffrey Ho
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