In a generally busy month for trading, caused by market volatility, ETFs saw some of the largest rises in activity on the Six Swiss Exchange.
ETF turnover on the Swiss exchange increased by nearly 90% in August, taking the total turnover to CHF 13.7bn (€12.3bn).
The only product sector on the exchange which saw a larger leap in its turnover was structured products and warrants. They had an increase of 93.5% to take turnover to CHF 5.8 bn, still far short of that seen in ETFs.
The number of ETF trades increased by 68% compared to July to 125,862. This made it the sector with the largest increase in activity last month.
Year-to-date, ETFs have seen the largest increase in the number of trades compared to the same period last year (48.5%) and the second largest increase in turnover (42%). Structured products and warrants took the lead with an increase in turnover of 46%.
August was one of the busiest months for trades on the exchange, not surprising given the level of market volatility. More than 5mn trades were executed, an increase of 64% compared to July. The only time when this was higher was in October 2008.
Partner Insight: Cathi Harrison, director of para-sols and Apricity and Clare Farrell managing director at Northfield Wealth met in London recently to discuss how to stay on top of regulatory risk.
CEO labels whistle-blower as 'brave'
Adds up to £130m FUM
Our weekly heads-up for advisers
Think tank report