ETFs benefit from Swiss trading spike

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 la...