ETFs listed on the SIX Swiss Exchange and Scoach Switzerland recorded the largest turnover and trading volume gains in May, surging to CHF8.6bn (€6.08bn) and 79,758 respectively.
The ETF turnover figure marks a 68.3% increase compared with the previous month, outperforming growth achieved by other trading segments on the exchange.
Behind ETFs, Swiss bonds saw a turnover of CHF14,646 in May, representing an increase of 26.8% since April.
In total, cumulative trading turnover on the SIX Swiss and Scoach exchanges amounted to CHF113.3bn in May, marking an increase of 8.4% compared with the previous month.
Since the beginning of 2010, ETF turnover has amounted to CHF30,435m, rising 71.1% compared with the same period a year ago.
This growth in ETF turnover is higher than other trading segments, versus the same prior-year period. Equities increased 13.2%, structured products and warrants 19.9% while Swiss bonds and international bonds declined 8.5% and 46.5% respectively.
Similarly, ETFs have experienced the most growth in the number of trades since the beginning of this year compared with the same period a year ago. Since 2010, the number of ETF trades on these exchanges amount to 290,571, representing a 76.8% increase.
This compares with 657,722 in structured products and warrants trades, increasing 4.7% from the previous year.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected