Swiss ETF market is seeing strong growth

At the end of the third quarter, ETF volumes on the Six Swiss Exchange had already beaten 2010's figures. Turnover stood at CHF80bn (€65.66bn) by the end of September, compared to CHF71bn (€58.26bn) in the whole of last year. The growth is in part due to new investors coming into the market. "We have seen an increasing flow from both retail and professional investors," says Alain Picard, head of product management at the Six Swiss Exchange. "We see a lot of people coming from online, discount brokers; we also see more and more smaller trades. It's difficult to look behind trades but w...