No. 27 | 1 Quarter 2010
ETF newsletter
Amundi: new ETF provider Amundi Investment Solutions is the latest issuer to join the Swiss marketplace for ETFs. This French financial institution listed 14 new ETFs on the Exchange. We would like to extend a warm welcome to Amundi Investment Solutions and look very much forward not only to a gratifying collaboration with the company but also to the enhancement its product palette will bring to the ETF segment.
> Expert View
2
> ETF News
4
> Events
7
> Market Data
10
> Product Facts
13
> Product Provider & Market Maker
20
> Appendix
24
>6
ETF Guide Updated and revamped: The second edition of the ETF Guide has been compiled jointly by SIX Swiss Exchange and Finanz und Wirtschaft. This popular reference work provides private as well as institutional investors with everything they need to know about exchange traded funds. >6
ETPDs 2010 Organized under the auspices of SIX Swiss Exchange and Scoach Switzerland, the Exchange Traded Product Day held this past March in the facilities of ConventionPoint was a great success. More than 400 individuals joined to exchange ideas and learn about the latest trends and developments in the field of modern financial products. >7
Two new market makers In April, another two financial institutions took up market making activities in the ETF segment. Crédit Agricole Chevreux will provide liquidity for eight ETFs and Flow Traders for four products. Welcome to SIX Swiss Exchange! > 22
Valérie Baudson, Managing Director, Amundi ETF Amundi ETF aims to meet Swiss investors’ needs with three competitive edges: costefficiency, product quality and innovation. Valérie Baudson, Managing Director at Amundi ETF, presents her outlook on the ETF market and explains what added value this new provider will bring to Swiss investors. >2
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Driving the Swiss market with lower fees and innovations! SIX Swiss Exchange: Ms. Baudson, can you briefly introduce Amundi ETF? Valérie Baudson: Amundi ETF is a business line of Amundi, the joint asset management company of Crédit Agricole and Société Générale. We decided to launch our ETF business two years ago in very tense market conditions. In 2009, our strategy was focused on developing a large range of products based on a competitive pricing structure (low management fees and tight spreads). After one year of development and with a presence only in France, we more than doubled our assets under management and registered one of the fastest growth rates in Europe in terms of market share. No doubt that 2010 is the year for the European development for Amundi ETF, as we started cross-registering and multi-listing our products on various stock exchanges across Europe. Our arrival in Switzerland marks another significant step in Amundi ETF’s development strategy and will help us achieve our ambitious target for becoming one of the five biggest players in Europe with more than EUR 10 billion in assets under management by 2012.
You recently launched 14 ETFs on the SIX Swiss Exchange among your range of 79 products, why did you start with this offer? Our entry into the Swiss market, known as one of the most competitive in Europe, represents a key stage in our development strategy. With our broad product mix, the products listed in each stock exchange across Europe may differ from a country to another depending on local investors’ demand and on market potential.
Valérie Baudson, Managing Director, Amundi ETF Valérie has been Managing Director, Exchange Traded Funds at Amundi since December 2007. From 2004 to 2007, Valérie was Marketing Director and Member of the European Management Committee of Crédit Agricole Cheuvreux, the European Stockbroking subsidiary of Crédit Agricole Group. From 2001 to 2004, she held the position of Corporate Secretary and was a Member of the Management Committee. Valérie joined Crédit Agricole Cheuvreux in 1999 as Project Manager for the Senior Management team. Valérie started her career at Banque Indosuez where she managed international audit missions from 1995 to 1999. Valérie is a graduate from HEC (Haute Ecole de Commerce, Paris) where she majored in Finance.
The 14 ETFs listed on SIX Swiss Exchange benefit form competitive management fees (20% lower on average as compared to competition) and 7 of them are unprecedented. For example, the AMUNDI ETF MSCI EUROPE EX SWITZERLAND is an excellent vehicle for Swiss investors seeking to be exposed to the MSCI Europe excluding their domestic market. It is clearly a product adapted to Swiss investors. On the fixed-income side, we wanted to provide Swiss investors with an easy access to the Eurozone government debt (all maturities) and Euro corporates.
Amundi ETF 79 products covering 4 asset classes: Equities, Fixed Income, Money Market & Commodities Replication method: Swap-based AUM: EUR 4.5 bn (April 2010) For more information: www.amundietf.com
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Furthermore, since commodity investment is crucial in Switzerland, we listed four unique commodity ETFs, which are UCITS III funds and traded in USD, based on the S&P Goldman Sachs Commodity index family. These vehicles enable investors to be exposed to the main commodity markets via a basket of commodities such as agriculture (cotton, coffee, cocoa, corn, soy beans, wheat and sugar), industrial and precious metals, energy or non-energy.
Regarding the quality, indeed, the way we build and manage our ETFs is an important factor. The use of a swap-based replication method enables us to minimize the Tracking Error as we do not bear the cost of buying all the components of the index. Moreover, our products benefit from the high quality ratings of the Crédit Agricole (Equity & Commodity ETFs) and Société Générale (Fixed Income ETFs) Groups.
These first listings will be followed by several others in the coming weeks in order to offer Swiss investors up to 40 Amundi ETF funds by the end of the year.
Last but not least, innovation has been one of our main drivers when setting up the product range. Among the 79 product composing the Amundi ETF range, 27 are unprecedented at their launch date.
What added value do you bring to the Swiss investors?
What is your outlook regarding the future of the ETF market?
Amundi ETF range’s core benefits can be summed up in three core principles: cost-efficiency, product quality and innovation. And we believe that these competitive edges will meet Swiss investors’ needs.
The exchange-traded fund market has shown a significant increase in terms of assets under management in recent years, even during the particularly tough market environment in 2008, when the global mutual fund industry suffered substantial redemptions. At Amundi ETF, we believe that this impressive growth is likely to last as many investors find that ETFs meet their requirements in terms of transparency, cost-efficiency and liquidity. The European ETF markets, and especially the Swiss market, are not yet mature; there is still a strong potential for growth, and for sure, we will be part of it.
Let’s begin with cost-competitiveness. Price is clearly a key issue in our marketing strategy as we believe that it is one of the client’s major concerns. On a global basis, the Total Expense Ratio (TER) of our ETFs are 20% lower than the average of our competitors on equivalent exposures. In addition to the management fees, we work carefully on the spreads with our market makers to keep them as tight as possible and therefore offer the best cost structure possible.
Valérie, many thanks for your time. TER*
Currency
ISIN Code
Symbol
AMUNDI ETF DOW JONES EURO STOXX 50
0,15%
EUR
FR0010654913
C50
AMUNDI ETF MSCI EUROPE
0,28%
EUR
FR0010655696
CEU
AMUNDI ETF MSCI EUROPE EX SWITZERLAND
0.30%
EUR
FR0010821835
CS9
AMUNDI ETF DOW JONES STOXX 600
0.18%
EUR
FR0010791004
C6E
0.55%
USD
FR0010821793
BRZ
0.14%
EUR
FR0010754192
CB3
0.20%
EUR
FR0010754119
CC4
AMUNDI ETF LEVERAGED DOW JONES EURO STOXX 50
0.30%
EUR
FR0010756072
C5L
AMUNDI ETF LEVERAGED MSCI EUROPE DAILY
0.35%
EUR
FR0010756080
CLE
0.30%
EUR
FR0010757781
C5S
AMUNDI ETF COMMODITIES S&P GSCI (LE)
0.30%
USD
FR0010821728
CL7
AMUNDI ETF COMMODITIES S&P GSCI AGRICULTURE
0.30%
USD
FR0010821777
NEG
AMUNDI ETF COMMODITIES S&P GSCI METALS
0.30%
USD
FR0010821736
CA8
AMUNDI ETF COMMODITIES S&P GSCI NON ENERGY
0.30%
USD
FR0010821744
CME
EQUITIES-REGIONS
EQUITY-COUNTRY AMUNDI ETF MSCI BRAZIL FIXED INCOME AMUNDI ETF GOVT BOND EUROMTS BROAD FIXED INCOME-INFLATION AMUNDI ETF EURO CORPORATES EQUITIES-LEVERAGED
EQUITIES-SHORT AMUNDI ETF SHORT DOW JONES EURO STOXX 50 COMMODITIES
* Total Expense Ration – Annual all tax inclusive ETF NEWSLETTER | No. 27 | 1 Quarter 2010
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
New Products as of 14. 04. 2010 SIX Swiss Exchange Product name
TCCY
Mgmt F Sec No.
UBS Index Solutions – SMIM® ETF A
CHF
0.40%
UBS Index Solutions – SMIM® ETF I
CHF
0.25%
AMUNDI ETF DOW JONES EURO STOXX 50
EUR
0.15%
AMUNDI ETF DOW JONES STOXX 600
EUR
AMUNDI ETF EURO CORPORATES
Bloomberg
Reuters
Undelying Index
Market Maker
First Trading Day
11 176 253 SMMCHA SW
SMMCHA.S
SMIM®
UBS
14.04.2010
11 176 254 SMMCHI SW
SMMCHI.S
SMIM®
UBS
14.04.2010
4 504 248 C50 SW
C50.S
DJ EURO STOXX 50
Crédit Agricole Cheuvreux
13.04.2010
0.18%
10 490 128 C6E SW
C6E.S
DJ STOXX 600
Crédit Agricole Cheuvreux
13.04.2010
EUR
0.16%
10 190 045 CC4 SW
CC4.S
Markit iBoxx Euro Liquid Corporates
Crédit Agricole Cheuvreux
13.04.2010
AMUNDI ETF GOVT BOND EUROMTS BROAD
EUR
0.14%
10 191 015 CB3 SW
CB3.S
EuroMTS Eurozone Govern- Crédit Agricole Cheuvreux ment Broad All Maturities
13.04.2010
AMUNDI ETF LEVERAGED DOW JONES EURO STOXX 50
EUR
0.30%
10 204 758 C5L SW
C5L.S
DJ EURO STOXX 50 Leveraged Index
Crédit Agricole Cheuvreux
13.04.2010
AMUNDI ETF LEVERAGED MSCI EUROPE DAILY
EUR
0.35%
10 204 769 CLE SW
CLE.S
MSCI Europe Leveraged 2x Daily
Crédit Agricole Cheuvreux
13.04.2010
AMUNDI ETF MSCI EUROPE
EUR
0.28%
4 525 450 CEU SW
CEU.S
MSCI Europe
Crédit Agricole Cheuvreux
13.04.2010
AMUNDI ETF MSCI EUROPE EX SWITZERLAND
EUR
0.30%
10 771 200 CS9 SW
CS9.S
MSCI Europe ex Switzerland TRN
Crédit Agricole Cheuvreux
13.04.2010
AMUNDI ETF SHORT DOW JONES EUR EURO STOXX 50
0.30%
10 218 467 C5S SW
C5S.S
DJ EURO STOXX 50® Short
Crédit Agricole Cheuvreux
13.04.2010
AMUNDI ETF MSCI BRAZIL
USD
0.55%
10 770 567 BRZ SW
BRZ.S
MSCI Brazil
Crédit Agricole Cheuvreux
13.04.2010
UBS Index Solutions - Gold (EUR) hedged ETF A
EUR
0.35%
10 602 714 AUEUAH SW
AUEUAH.S
physical gold
UBS
29.01.2010
UBS Index Solutions - Gold (EUR) hedged ETF I
EUR
0.30%
10 602 714 AUEUIH SW
AUEUIH.S
physical gold
UBS
29.01.2010
Xmtch (IE) on Dow Jones EURO STOXX 50®
EUR
0.06%
10 737 573 XMES50 SW
XMES50.S
DJ EURO STOXX 50
Credit Suisse AG
27.01.2010
Xmtch (IE) on Dow Jones Industrial Average
USD
0.22%
10 737 611 XMDJIA SW
XMDJIA.S
DJ Industrial Average
Credit Suisse AG
27.01.2010
Xmtch (IE) on FTSE 100
GBP
0.22%
10 737 489 XMUKX SW
XMUKX.S
FTSE 100
Credit Suisse AG
27.01.2010
Xmtch (IE) on FTSE MIB
EUR
0.20%
10 737 596 XMMIB SW
XMMIB.S
FTSE/MIB
Credit Suisse AG
27.01.2010
Xmtch (IE) on Nasdaq 100
USD
0.17%
10 737 617 XMNAS SW
XMNAS.S
NASDAQ 100
Credit Suisse AG
27.01.2010
Xmtch (IE) on Nikkei 225
JPY
0.38%
10 737 065 XMNIK SW
XMNIK.S
Nikkei 225®
Credit Suisse AG
27.01.2010
UBS Index Solutions - Gold (CHF) hedged ETF I
CHF
0.30%
10 602 713 AUCHIH SW
AUCHIH.S
physical gold
UBS AG
22.01.2010
Xmtch (IE) on MSCI Canada
CAD
0.36%
10 737 503 XMCA SW
XMCA.S
MSCI Canada
Credit Suisse AG
13.01.2010
Xmtch (IE) on MSCI EMU
EUR
0.20%
10 737 587 XMEMU SW
XMEMU.S
MSCI EMU
Credit Suisse AG
13.01.2010
Xmtch (IE) on MSCI Europe
EUR
0.20%
10 737 567 XMEUR SW
XMEUR.S
MSCI Europe
Credit Suisse AG
13.01.2010
Xmtch (IE) on MSCI Japan
JPY
0.36%
10 737 498 XMJAP SW
XMJAP.S
MSCI Japan
Credit Suisse AG
13.01.2010
Xmtch (IE) on MSCI Pacific ex Japan
USD
0.35%
10 737 120 XMPXJ SW
XMPXJ.S
MSCI Pacific (ex Japan)
Credit Suisse AG
13.01.2010
Xmtch (IE) on MSCI UK
GBP
0.21%
10 737 561 XMUK SW
XMUK.S
MSCI UK
Credit Suisse AG
13.01.2010
Xmtch (IE) on MSCI USA
USD
0.22%
10 737 015 XMUSA SW
XMUSA.S
MSCI USA
Credit Suisse AG
13.01.2010
UBS Index Solutions - Gold (USD) ETF A
USD
0.35%
10 602 718 AUUSA SW
AUUSA.S
physical gold
UBS
12.01.2010
UBS Index Solutions - Gold (USD) ETF I
USD
0.35%
10 602 719 AUUSI SW
AUUSI.S
physical gold
UBS
12.01.2010
Julius Baer Physical Silver Fund (USD) A - optional redemption in kind
USD
0.60%
10 640 584 JBSIUA SW
JBSIUA.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Silver Fund (EUR) A - optional redemption in kind
EUR
0.60%
10 640 586 JBSIEA SW
JBSIEA.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Silver Fund (CHF) A - optional redemption in kind
CHF
0.60%
10 640 589 JBSICA SW
JBSICA.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product name
TCCY
Mgmt F Sec No.
Julius Baer Physical Silver Fund (GBP) A - optional redemption in kind
GBP
0.60%
Julius Baer Physical Silver Fund (USD) AX - no optional redemption in kind
USD
Julius Baer Physical Silver Fund (EUR) AX - no optional r edemption in kind
Reuters
Undelying Index
Market Maker
10 640 592 JBSIGA SW
JBSIGA.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
0.60%
10 640 595 JBSIUX SW
JBSIUX.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
EUR
0.60%
10 640 618 JBSIEX SW
JBSIEX.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Silver Fund (CHF) AX - no optional redemption in kind
CHF
0.60%
10 640 619 JBSICX SW
JBSICX.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Silver Fund (GBP) AX - no optional redemption in kind
GBP
0.60%
10 640 620 JBSIGX SW
JBSIGX.S
1 oz physical silver
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund USD (USD) A - optional redemption in kind
0.50%
10 640 621 JBPLUA SW
JBPLUA.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund EUR (EUR) A - optional redemption in kind
0.50%
10 640 623 JBPLEA SW
JBPLEA.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund CHF (CHF) A - optional redemption in kind
0.50%
10 640 628 JBPLCA SW
JBPLCA.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund GBP (GBP) A - optional redemption in kind
0.50%
10 640 704 JBPLGA SW
JBPLGA.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund USD (USD) AX - no optional redemption in kind
0.50%
10 640 709 JBPLUX SW
JBPLUX.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund EUR (EUR) AX - no optional redemption in kind
0.50%
10 640 715 JBPLEX SW
JBPLEX.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund CHF (CHF) AX - no optional redemption in kind
0.50%
10 640 717 JBPLCX SW
JBPLCX.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Platinum Fund GBP (GBP) AX - no optional redemption in kind
0.50%
10 640 719 JBPLGX SW
JBPLGX.S
1 oz physical platinum
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (USD) A - optional redemption in kind
USD
0.50%
10 640 720 JBPAUA SW
JBPAUA.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (EUR) A - optional redemption in kind
EUR
0.50%
10 640 721 JBPAEA SW
JBPAEA.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (CHF) A - optional redemption in kind
CHF
0.50%
10 640 723 JBPACA SW
JBPACA.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (GBP) A - optional redemption in kind
GBP
0.50%
10 640 725 JBPAGA SW
JBPAGA.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (USD) AX - no optional redemption in kind
USD
0.50%
10 640 726 JBPAUX SW
JBPAUX.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (EUR) AX - no optional redemption in kind
EUR
0.50%
10 640 731 JBPAEX SW
JBPAEX.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (CHF) AX - no optional r edemption in kind
CHF
0.50%
10 640 732 JBPACX SW
JBPACX.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
Julius Baer Physical Palladium Fund (GBP) AX - no optional redemption in kind
GBP
0.50%
10 640 735 JBPAGX SW
JBPAGX.S
1 oz physical palladium
Bank Julius Bär & Co. AG
08.01.2010
ZKB Gold ETF hedged (CHF)
CHF
0.40%
10 332 672 ZGLDHC SW
ZGLDHC.S
physical gold
Zürcher Kantonalbank
08.01.2010
ZKB Gold ETF hedged (EUR)
EUR
0.40%
10 332 676 ZGLDHE SW
ZGLDHE.S
physical gold
Zürcher Kantonalbank
08.01.2010
ZKB Gold ETF hedged (GBP)
GBP
0.40%
10 449 330 ZGLDHG SW
ZGLDHG.S
physical gold
Zürcher Kantonalbank
08.01.2010
ZKB Gold ETF (GBP)
GBP
0.40%
10 449 329 ZGLDGB SW
ZGLDGB.S
physical gold
Zürcher Kantonalbank
08.01.2010
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
Bloomberg
First Trading Day
5
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
News Exchange traded funds manual The popular ETF Guide has been revised and updated in a second edition compiled jointly by SIX Swiss Exchange and the Finanz und Wirtschaft publishing house. It highlights all the key aspects and peculiarities of exchange traded funds and offers private as well as institutional investors unbiased, detailed insight into the world of ETFs on SIX Swiss Exchange. It discusses the characteristics, history, costs, market participants, underlying instruments, useful selection and trading tools, and many other topics of relevance to ETFs. Click on the following graph to go directly to the Finanz und Wirtschaft bookstore, where you can order your own copy of the ETF Guide.
Welcome Amundi We are pleased to welcome yet another ETF provider to SIX Swiss Exchange – Amundi Investment Solutions. The firm is a wholly owned subsidiary of the Amundi Group and specializes, among other things, in the issuance of exchange traded funds. The Amundi Group came into existence through the merger of the asset management units of two major French financial institutions: Crédit Agricole and Société Générale. Effective as of 13. 4. 2010, ten Amundi ETFs became listed on SIX Swiss Exchange, eight of which are based on equities and two on bonds. Further information on Amundi can be found here.
Facts and Figures Total Q1 2010 turnover in the ETF segment of SIX Swiss Exchange amounted to CHF 16.72 billion, a 69.9% increase over Q1 2009. At the end of March 2010, 321 ETFs from eleven product providers were listed on SIX Swiss Exchange. This represents an increase of 46 products. At present, 16 market makers provide liquidity for these instruments. * Some fungbile ETFs (same ISIN) are tradable in multiple currencies. They are accordingly counted more than once.
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Events Exchange Traded Product Days in Geneva and Zurich Following the tremendous success of the Exchange Traded Product Days in the last few years, SIX Swiss Exchange and Scoach organized two further events of this kind in Geneva and Zurich this past March. Once again, these ETPDs aroused great interest among investors, as can be seen in the number of visitors: more than 400 investors attended the gatherings in Zurich and Geneva. At the events, selected representatives of the financial industry gave lectures on the latest market know-how in the field of exchange traded funds and structured products. The goal was to provide professional investors with a forum for addressing and learning about current product innovations and investment themes. Greatly appreciated were the Economic Roundtables manned by recognized experts. These panel discussions offered participants an outstanding platform for posing questions directly to the specialists. Given the success of the Exchange Traded Product Days this spring, SIX Swiss Exchange and Scoach will stage another round of events in Geneva and Lugano this coming fall. Further information can be obtained at www.etpd.ch.
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
FONDS’10 On 2–5 February 2010, the twelfth annual investment fund fair FONDS’10 was held at Zurich’s Kongresshaus. Close to 8,400 people attended the four highly successful days of the fair. On 3 February, 2,100 institutional investors and wealthy individuals were present for the «Professional Visitors Day», which was held for the second year in succession. The program module «FinanzFITamine – Investment Know-how Lite», which was presented by the fair organizers in three rounds on the final day of FONDS’10, got off to a great start. Roberto Lopez, Head of Member Education, played an active role in this module by giving a technical lecture. ETF Product Management at SIX Swiss Exchange was also present again with a booth, which attracted a large number of visitors.
XENIX® INVESTOR CONFERENCE 2010
INSIDE ETFs – EUROPE CONFERENCE
On 16 and 17 February 2010, the XENIX Investor Conference 2010 was held in Berlin. With an audience of professional investors in attendance, the entire value chain of institutional capital investment was addressed from various viewpoints. Alain Picard, Head of Product Sales ETFs, gave a lecture at XENIX.
Inside ETFs took place in April 2010 in Amsterdam. The event was intended for an audience of institutional investors and financial advisors. Addressed at the conference were pertinent topics such as the use of ETFs and approaches to portfolio construction, as well as the key aspects of trading, liquidity provision and fund structure. SIX Swiss Exchange was present at the conference with a booth.
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Agenda Date
What
Description
Where
25.05.2010
ETF-Tour
http://www.etftour.ch
Bern
26.05.2010
ETF-Tour
http://www.etftour.ch
Basel
27.05.2010
ETF-Tour
http://www.etftour.ch
St. Gallen
31.05.2010
ETF-Tour
http://www.etftour.ch
Zurich
14.–17.06.2010
GAIM International 2010
http://www.icbi-events.com/gaim/
Monaco
28.06.–01.07.2010
Fund Forum International 2010
http://icbi-uk.com/fundforum/
Monaco
16.09.2010
Exchange Traded Product Day
Knowledge event for professional investors, organized by SIX Swiss Exchange and Scoach Switzerland.
Lugano
23.09.2010
Exchange Traded Product Say
Knowledge event for professional investors, organized by SIX Swiss Exchange and Scoach Switzerland.
Geneva
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
ETF Turnover
SIX Swiss Exchange (1/3) ETF turnover SIX Swiss Exchange in CHF mn 2009
2010
January
2’668.33
5’486.31
February
3’384.33
5’612.98
March
3’846.91
5’625.72
April
4’113.89
May
3672.04
June
3799.07
July
4206.47
August
3645.45
September
4515.12
October
6’104.59
November
4’890.33
December
5’723.51
Total
50’571.33
16’725.01
Top 10 ETFs: turnover 1 Quarter 2010 Rank
ISIN
Product Name
1
CH0008899764
Xmtch (CH) on SMI
2
CH0024391002
ZKB GOLD ETF
788.70
3
IE0031442068
ISHARES S&P 500
646.00
4
LU0254097446
Xmtch MSCI EMERGING
531.10
5
LU0292107645
DB X-TR MSCI EM
430.80
6
LU0154139132
Xmtch MSCI EMU Large Cap
403.40
7
CH0019852802
Xmtch on (CH) SMIM
400.90
8
IE00B14X4M10
ISHARES MSCI NORTH AMERICA
395.50
9
IE00B3VWM213
Xmtch (IE) on MSCI Japan LC
347.20
LU0136234068
UBS-ETF EUSTOXX50
344.40
10
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
Turnover in CHF mn 1’612.80
10
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
ETF Turnover
SIX Swiss Exchange (2/3) ETF turnover and number of ETFs on SIX Swiss Exchange ETFs 321
CHF bn 80
320 300
275
75 70
280 260
60
240
55
220
50’571
65
200
39’479 167
50 45
5
10’564 42
2’940 10
10
6’258 14
15
8’361 32
20
13’519 53
25
140 120 100 16’725
30
18’984 80
35
160
28’814 144
40
180
80 60 40 20
Turnover on SIX Swiss Exchange in CHF mn
0
Number* of ETFs on SIX Swiss Exchange
0 2001
2002
2003
2004
2005
2006
2007
2008
2009
Q1 2010
Source: SIX Swiss Exchange
ETF turnover Product Provider
07
08
09 10 11
1 Quarter 2010 in CHF mn
06
01
05
04
02
01 XMTCH
28.96%
4’843.4
02 iShares
20.43%
3’417.3
03 ZKB ETFs
12.44%
2’079.8
04 db x-trackers
10.62%
1’775.8
05 UBS-ETF
9.38%
1’569.2
06 Lyxor
8.89%
1’501.8
07 Julius Bär
5.67%
948.5
08 ComStage
1.44%
240.4
09 EasyETF
1.01%
169.4
10 Market Access
0.69%
114.9
11 Powershares
0.39%
64.6
100.00%
16’725.1
Total
03
* Some fungbile ETFs (same ISIN) are tradable in multiple currencies. They are accordingly counted more than once.
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
11
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
ETF Turnover
SIX Swiss Exchange (3/3) ETF turnover by asset class
05
07 06 08
Asset class 1 Quarter 2010 in CHF mn
04
01 03
01 Equity Developed Markets 43.09%
7’209.0
02 Commodities
23.53%
3’930.9
03 Equity Emerging Markets
16.65%
2’782.2
04 Equity Strategy
9.93%
1’660.7
05 Fixed Income
4.69%
787.5
06 Equity Themes
1.28%
215.3
07 Funds
0.77%
129.1
08 Money Market
0.06%
10.6
100.00%
16’725.3
Total
02
Number* of ETFs on SIX Swiss Exchange by asset class as of 31. 03. 2010 06 05
07 08
1 Quarter 2010 01
04
01 Commodities
24.85%
80
02 Equity Developed Markets 24.54%
79
03 Equity Strategy
19.26%
62
04 Equity Emerging Markets
15.22%
49
05 Fixed Income
9.62%
31
06 Equity Themes
4.96%
16
07 Funds
0.93%
3
08 Money Market
0.62%
2
100.00%
322
Total 02 03
* Some fungbile ETFs (same ISIN) are tradable in multiple currencies. They are accordingly counted more than once.
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
12
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product Facts SIX Swiss Exchange
Exchange Traded Funds Product Facts
TCCY Mgmt F Sec No.
Bloomberg
Reuters
Underlying Index
Market Maker
db x-trackers SLI ETF UBS-ETF SLI XMTCH (CH) on SLI ComStage ETF SMI db x-trackers SMI ETF iShares SMI (DE) UBS-ETF SMI XMTCH (CH) on SMI ComStage ETF ATX
CHF CHF CHF CHF CHF CHF CHF CHF CHF
0.30% 0.35% 0.35% 0.25% 0.30% 0.50% 0.35% 0.35% 0.25%
3 613 620 3 291 273 3 176 893 4 878 600 2 825 604 1 210 415 1 714 271 889 976 4 878 674
XSLI SW SLICHA SW XMSLI SW CBSMI SW XSMI SW SMIEX SW SMICHA SW XMSMI SW CBATX SW
XSLI.S SLICHA.S XMSLI.S CBSSMI.S XSMI.S SSMIEX.S SMICHA.S XMSMI.S CBATX.S
SLI Swiss Leader Index SLI Swiss Leader Index SLI Swiss Leader Index SMI Swiss Market Index SMI Swiss Market Index SMI Swiss Market Index SMI Swiss Market Index SMI Swiss Market Index ATX Index
DB CB; TH; UBS CS; TH CB DB TH; UC CB; TH; UBS CS; MS; TH CB
ComStage ETF DAX TR db x-trackers DAX ETF Lyxor ETF DAX Xmtch (IE) on FTSE MIB db x-trackers FTSE MIB ETF Market Access DAXGlobal Russia Index Fund Lyxor ETF Russia ComStage ETF MSCI Russia 30% Capped TRN Lyxor ETF Turkey (DJ Turkey Titan 20) Market Access Turkey Titans 20 Index Fund iShares MSCI Turkey
CHF CHF EUR EUR CHF USD USD CHF EUR USD USD
0.12% 0.15% 0.15% 0.20% 0.30% 0.70% 0.65% 0.60% 0.65% 0.60% 0.74%
4 561 632 2 825 575 2 532 201 10 737 596 2 825 593 2 874 616 2 586 861 4 878 183 2 578 650 2 874 596 2 778 493
CBDAX SW XDAX SW LYDAX SW XMMIB SW XMIB SW MDRI SW LYRUS SW CBMRUC30 SW LYTUR SW MDJT SW ITKY SW
CBGDAXI.S XDAX.S LYDAX.S XMMIB.S XMIB.S MDRI.S LYRUS.S CBMINRUC.S LYTUR.S MDJT.S ITKY.S
DAX DAX DAX FTSE/MIB FTSE/MIB Index DAXGlobal Russia Index DJ RusIndex Titans 10 USD MSCI Russia 30% Capped DJ Turkey Titans 20 DJ Turkey Titans 20 MSCI Turkey
CB DB SG; TH CS DB RBS SG CB SG; TH; UC RBS SIG; TH; UC
0.50%
1 272 999 100CHA SW
100CHA.S
FTSE 100
CB; TH; UBS
GBP
0.50%
1 272 999 100GBA SW
100GBA.S
FTSE 100
CB; TH; UBS
Xmtch (IE) on FTSE 100
GBP
0.22%
10 737 489 XMUKX SW
XMUKX.S
FTSE 100
CS
Xmtch (IE) on MSCI UK
GBP
0.21%
10 737 561 XMUK SW
XMUK.S
MSCI UK
CS
Market Access FTSE/JSE Africa Top 40 Index Fund
USD
0.70%
2 874 624 MFAI SW
MFAI.S
FTSE/JSE Top 40
RBS
Lyxor ETF South Africa (FTSE JSE TOP 40)
EUR
0.65%
3 122 239 LYAFS SW
LYAFSJ.S
FTSE/JSE Top 40
SG; UC
Lyxor ETF Brazil (Ibovespa) Amundi ETF MSCI Brazil db x-trackers MSCI Brazil TRN Index ETF iShares MSCI Brazil ComStage ETF Dow Jones Industrial Average Lyxor ETF Dow Jones Industrial Average Xmtch (IE) on Dow Jones Industrial Average ComStage ETF MSCI USA TRN db x-trackers MSCI USA TRN Index ETF Lyxor ETF MSCI USA
USD USD USD USD CHF EUR USD CHF USD USD CHF USD USD USD CHF USD USD USD CAD CAD CAD
0.65% 0.55% 0.70% 0.74% 0.45% 0.50% 0.22% 0.25% 0.30% 0.35% 0.30% 0.30% 0.18% 0.22% 0.25% 0.20% 0.17% 0.40% 0.45% 0.28% 0.36%
LYRIO.S BRZ.S XMBR.S IBZL.S CBDJI.S DJE.S XMDJIA.S CBMINUS.S XMUS.S LYUSA.S USACHA.S USAUSA.S USAUSI.S XMUSA.S CBNDX.S EQQQ.S XMNAS.S IUSA.S CANCDA.S CANCDI.S XMCA.S
IBOVESPA MSCI Brazil MSCI Brazil MSCI Brazil DJ Industrial Average DJ Industrial Average DJ Industrial Average MSCI USA MSCI USA MSCI USA MSCI USA MSCI USA MSCI USA MSCI USA NASDAQ 100 NASDAQ 100 NASDAQ 100 S&P 500 MSCI Canada MSCI Canada MSCI Canada
SG CA DB SIG CB SG; TH; UC CS CB DB SG; TH; UC CB; TH; UBS CB; TH; UBS CB; UBS CS CB SIG; TH; UC CS SIG; TH; UC CB; UBS CB; UBS CS
Canada
United States of America
United Kingdom
CHF
Africa South-Africa
Product name
America Brazil
Turkey
Russia
Equities – Single Countries Europe Switzerland Italy Germany Austria
Long Products
UBS-ETF FTSE 100
UBS-ETF MSCI USA UBS-ETF MSCI USA – Class I Xmtch (IE) on MSCI USA ComStage ETF Nasdaq-100 PowerShares EQQQ Fund Xmtch (IE) on Nasdaq 100 iShares S&P 500 UBS-ETF MSCI Canada A UBS-ETF MSCI Canada I Xmtch (IE) on MSCI Canada
2 843 722 10 770 567 3 067 317 2 308 866 4 561 638 1 239 077 10 737 611 4 878 186 2 825 453 2 748 010 1 272 983 1 272 983 10 460 972 10 737 015 4 561 643 1 527 010 10 737 617 1 396 252 10 461 054 10 461 056 10 737 503
LYRIO SW BRZ SW XMBR SW IBZL SW CBINDU SW DJE SW XMDJIA SW CBNDDUUS SW XMUS SW LYUSA SW USACHA SW USAUSA SW USAUSI SW XMUSA SW CBNDX SW EQQQ SW XMNAS SW IUSA SW CANCDA SW CANCDI.SW XMCA SW
1
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
13
Equities – Single Countries Asia China Japan India Hong Kong
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product name
TCCY Mgmt F Sec No.
Bloomberg
Reuters
Underlying Index
Market Maker
db x-trackers FTSE/XINHUA China 25 ETF iShares FTSE/Xinhua China 25 Lyxor ETF China Enterprise (HSCEI) Lyxor ETF Hong Kong (HSI)
USD USD USD USD
0.60% 0.74% 0.65% 0.65%
3 067 374 1 963 428 3 748 864 3 749 887
XXXI SW FXC SW LYASI SW LYHSI SW
XXXI.S FXC.S LYASI.S LYHSI.S
FTSE/Xinhua China 25 FTSE/Xinhua China 25 HSCEI HSI
DB SIG; UC SG; UC SG
Lyxor ETF MSCI India db x-trackers S&P CNX Nifty ETF ComStage ETF MSCI Japan TRN db x-trackers MSCI Japan TRN Index ETF iShares MSCI Japan
USD USD CHF JPY JPY CHF JPY JPY JPY CHF JPY CHF JPY USD USD USD CHF USD USD USD CHF
0.85% 0.85% 0.45% 0.50% 0.59% 0.50% 0.50% 0.30% 0.36% 0.45% 0.38% 0.45% 0.50% 0.70% 0.74% 0.65% 0.60% 0.70% 0.74% 0.65% 0.85%
2 706 388 3 067 365 4 878 180 2 825 426 1 965 564 1 272 995 1 272 995 2 597 285 10 737 498 4 561 428 10 737 065 4 878 606 2 747 787 3 067 371 2 308 859 3 749 967 4 878 185 3 067 312 2 308 884 2 976 305 3 614 093
LYINR SW XNIF SW CBNDDUJN SW XMJP SW IJPN SW JPNCHA SW JPNJPA SW JPNJPI SW XMJAP SW CBNKY SW XMNIK SW CBTPX SW LYJPN SW XMKO SW IKOR SW LYKRW SW CBNDEUST SW XMTW SW ITWN SW LYTWN SW XFVT SW
LYINR.S XNIF.S CBMINJP.S XMJP.S IJPN.S JPNCHA.S JPNJPA.S JPNJPI.S XMJAP.S CBN225.S XMNIK.S CBTOPX.S LYJPN.S XMKO.S IKOR.S LYKRW.S CBMINTW.S XMTW.S ITWN.S LYTWN.S XFVT.S
MSCI India S&P CNX Nifty ETF MSCI Japan MSCI Japan MSCI Japan MSCI Japan MSCI Japan MSCI Japan MSCI Japan Nikkei 225 Nikkei 225 TOPIX TOPIX MSCI Korea MSCI Korea MSCI Korea MSCI Taiwan MSCI Taiwan MSCI Taiwan MSCI Taiwan FTSE Vietnam Index
SG DB CB; UC DB SIG; UC CB; TH; UBS CB; TH; UBS CB; UBS CS CB CS CB SG; UC DB SIG SG CB DB SIG; UC SG; UC DB
Market Access DAXGlobal ASIA Index Fund db x-trackers MSCI AC ASIA ex JAPAN TRN INDEX ETF 1C Lyxor ETF MSCI AC Asia-Pacific ex Japan iShares MSCI AC Far East ex-Japan Xmtch (IE) on MSCI Pacific ex Japan db x-trackers MSCI EM Asia TRN Index ETF ComStage ETF MSCI Pacific TRN ComStage ETF MSCI Pacific ex Japan TRN db x-trackers MSCI Pacific ex Japan TRN Index ETF 1C UBS-ETF MSCI Pacific (ex Japan) A Xmtch (IE) on MSCI Pacific ex Japan Market Access DAXGlobal BRIC Index Fund iShares FTSE BRIC 50 Lyxor ETF Eastern Europe
USD USD
0.70% 0.45%
MDAI.S XAXD.S
DAXglobal Asia Index MSCI AC Asia-Pacific ex Japan
RBS DB
USD USD USD USD CHF CHF USD
0.65% 0.74% 0.35% 0.70% 0.45% 0.45% 0.30%
3 749 946 2 308 878 10 737 120 3 067 298 4 878 176 4 878 177 3 613 864
LYAEJ SW IFFF SW XMPXJ SW XMAI SW CBNDDUP SW CBNDDUPX SW XPXD SW
LYAEJ.S IFFF.S XMPXJ.S XMAI.S CBMINAP.S CBMINAPJ.S XPXD.S
MSCI AC Asia-Pacific ex Japan MSCI AC Far East ex-Japan MSCI Asia Pacific ex Japan MSCI EM Asia Index MSCI Pacific MSCI Pacific (ex Japan) MSCI Pacific (ex Japan)
SG; UC SIG; UC CS DB CB CB DB
USD USD USD CHF EUR
0.40% 0.35% 0.70% 0.65% 0.50%
10 461 044 10 737 120 2 874 609 3 067 362 2 224 269
PACUSA SW XMPXJ SW MABI SW BRIC SW LYCEC SW
PACUSA.S XMPXJ.S MABI.S BRIC.S LYCEC.S
MSCI Pacific (ex Japan) MSCI Pacific (ex Japan) DAXglobal BRIC Index FTSE BRIC 50 CECE EUR
CB; UBS CS RBS SIG; UC SG; UC
ComStage ETF MSCI EM Eastern Europe TRN
CHF
0.60%
4 878 178 CBNDUEEM SW
CBMINEE.S
MSCI Eastern Europe
CB
iShares MSCI Eastern Europe
USD
0.74%
2 308 782 IEER SW
IEER.S
MSCI Eastern Europe
SIG; UC
Market Access South-East Europe Traded Index Fund
EUR
0.80%
2 617 102 MSEI SW
MSEI.S
South-East Europe Traded Index (SETX) RBS
db x-trackers MSCI EM Emea TRN Index ETF
USD
0.70%
3 067 309 XMEA SW
XMEA.S
MSCI EM EMEA Index
DB
db x-trackers MSCI Emerging Markets TRN Index ETF
USD
0.70%
3 067 289 XMEM SW
XMEM.S
MSCI Emerging Markets
DB; UC
iShares MSCI Emerging Markets
USD
0.75%
2 308 849 IEEM SW
IEEM.S
MSCI Emerging Markets
SIG; UC
Lyxor ETF MSCI Emerging Markets
USD
0.65%
2 914 124 LYLEM SW
LYLEM.S
MSCI Emerging Markets
SG; UC
XMTCH (Lux) on MSCI Emerging Markets
USD
0.45%
2 553 407 XMMEM SW
XMMEM.S
MSCI Emerging Markets
CS; UC
Amundi ETF DJ EURO STOXX 50 ComStage ETF DJ EURO STOXX 50 TR db x-trackers DJ EURO STOXX 50 ETF db x-trackers DJ EURO STOXX 50 ETF 1C iShares DJ EURO STOXX 50 (DE) iShares DJ EURO STOXX 50 Lyxor ETF DJ EURO STOXX 50
EUR CHF CHF CHF EUR CHF EUR EUR CHF EUR EUR CHF EUR EUR CHF CHF
0.15% 0.10% 0.15% 0.00% 0.15% 0.35% 0.25% 0.30% 0.30% 0.10% 0.06% 0.35% 0.50% 0.18% 0.20% 0.10%
C50.S CBSTOXX50 ER.S XESX.S XESC.S STOXX50EX.S LSTXXEZn.S MSE.S E50EUA.S E50CHA.S E50EUI.S XMES50.S LSTXXZn.S SX5PEX.S C6E.S CBSTOXXR.S XSX6.S
DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ EURO STOXX 50 DJ STOXX 50 DJ STOXX 50 DJ STOXX 600 DJ STOXX 600 DJ STOXX 600
CA; TH CB DB DB TH; UC SIG; TH SG; TH CB; TH; UBS CB; UBS CB; TH; UBS CS SIG; TH TH; UC CA; TH CB DB
Asia Vietnam Europe Emerging Markets EMEA
Eastern Europe BRIC
Equities – Regions
Taiwan
Korea
UBS-ETF MSCI Japan A UBS-ETF MSCI Japan I Xmtch (IE) on MSCI Japan ComStage ETF Nikkei 225 Xmtch (IE) on Nikkei 225 ComStage ETF TOPIX Lyxor ETF Japan (TOPIX) db x-trackers MSCI Korea TRN Index ETF iShares MSCI Korea Lyxor ETF MSCI Korea ComStage ETF MSCI Taiwan TRN db x-trackers MSCI Taiwan TRN Index ETF iShares MSCI Taiwan Lyxor ETF MSCI Taiwan db x-trackers FTSE Vietnam ETF
UBS-ETF DJ EURO STOXX 50 UBS-ETF DJ EURO STOXX 50 I Xmtch (IE) on Dow Jones EURO STOXX 50 iShares DJ STOXX 50 iShares DJ STOXX 50 (DE) Amundi ETF DJ STOXX 600 ComStage ETF DJ STOXX 600 TR db x-trackers DJ STOXX 600 ETF 1C
2 617 093 MDAI SW 3 613 858 XAXD SW
4 504 248 4 561 435 2 825 565 4 549 696 1 174 969 1 065 278 1 189 343 1 272 980 1 272 980 1 507 750 10 737 573 1 065 255 1 174 967 10 490 128 4 561 475 3 614 439
C50 SW CBSX5T SW XESX SW XESC SW SX5EEX SW EUNE SW MSE SW E50EUA SW E50CHA SW E50EUI SW XMES50 SW EUN SW SX5PEX SW C6E SW CBSXXR SW XSX6 SW
2
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
14
TCCY Mgmt F Sec No.
Bloomberg
Reuters
Underlying Index
Market Maker
iShares FTSEurofirst 80 iShares FTSEurofirst 100 ComStage ETF MSCI EMU TRN Lyxor ETF MSCI EMU
UBS-ETF MSCI EMU I Xmtch (IE) on MSCI EMU Amundi ETF MSCI Europe ComStage ETF MSCI Europe TRN db x-trackers MSCI Europe TRN Index ETF iShares MSCI Europe Lyxor ETF MSCI Europe UBS-ETF MSCI Europe A UBS-ETF MSCI Europe I Xmtch (IE) on MSCI Europe Amundi ETF MSCI Europe ex Switzerland iShares MSCI Europe ex-UK db x-trackers S&P Select Frontier ETF
CHF CHF CHF EUR EUR CHF EUR EUR EUR CHF USD CHF EUR EUR EUR EUR EUR CHF CHF
0.40% 0.40% 0.25% 0.35% 0.35% 0.35% 0.18% 0.20% 0.28% 0.25% 0.30% 0.35% 0.35% 0.30% 0.18% 0.20% 0.30% 0.40% 0.95%
IEUR SW IEUT SW CBNDDUEM SW LYMFE SW EMUEUA SW EMUCHA SW EMUEUI.SW XMEMU SW CEU SW CBNDDUE1 SW XMEU SW IMEU SW LYMEU SW EUREUA SW EUREUI SW XMEUR SW CS9 SW IEUX SW XSFR SW
IEUR.S IEUT.S CBMINEMU.S LYMFE.S EMUEUA.S EMUCHA.S EMUEUI.S XMEMU.S CEU.S CBMINEU.S XMEU.S IMEU.S LYMEU.S EUREUA.S EUREUI.S XMEUR.S CS9.S IEUX.S XSFR.S
FTSEurofirst 80 FTSEurofirst 100 MSCI EMU MSCI EMU MSCI EMU MSCI EMU MSCI EMU MSCI EMU MSCI Europe MSCI Europe MSCI Europe MSCI Europe MSCI Europe MSCI Europe MSCI Europe MSCI Europe MSCI Europe ex Switzerland TRN MSCI Europe ex UK S&P Select Frontier Index
SIG; TH SIG; TH CB UC; SG; TH CB; TH; UBS CB; UBS CB; UBS CS CA; TH CB DB SIG; UC SG; TH CB; UBS CB; UBS CS CA; TH SIG; TH DB
Latin America
db x-trackers MSCI EM Latam TRN Index ETF
USD
0.70%
3 067 303 XMLA SW
XMLA.S
MSCI EM LATAM Index
DB
Lyxor ETF MSCI EM Latin America
USD
0.65%
2 843 795 LYLTM SW
LYLTM.S
MSCI EM Latin America
SG; UC
North America
ComStage ETF MSCI North America TRN
CHF
0.25%
4 878 174 CBNDDUNA SW
CBMINNA.S
MSCI North America
CB
iShares MSCI North America
USD
0.40%
2 585 425 INAA SW
INAA.S
MSCI North America
SIG; TH; UC
ComStage ETF MSCI World TRN db x-trackers MSCI WORLD TRN Index ETF iShares MSCI World Lyxor ETF MSCI World
UBS-ETF MSCI World I
CHF USD USD USD CHF USD USD
0.40% 0.45% 0.50% 0.45% 0.40% 0.40% 0.25%
CBMINWO.S XMWO.S IWRD.S LYWLD.S WRDCHA.S WRDUSA.S WRDUSI.S
MSCI World MSCI World MSCI World MSCI World MSCI World MSCI World MSCI World
CB DB; UC SIG; UC SG; UC CB; UBS CB; UBS CB; UBS
iShares S&P Global Clean Energy
USD
0.65%
3 246 465 INRG SW
INRG.S
S&P Global Clean Energy
SIG; UC
Lyxor ETF New Energy
EUR
0.60%
3 466 091 LYNRJ SW
LYNRJ.S
World Alternative Energy Index CW
SG; TH; UC
iShares FTSE/Macquarie Global Infrastructure 100
USD
0.65%
2 758 574 INFR SW
INFR.S
Macquarie Global Infrastructure 100
SIG; UC
db x-trackers S&P Global Infrastructure ETF
CHF
0.60%
3 614 442 XSGI SW
XSGI.S
S&P Global Infrastructure Index
DB
Market Access Amex Gold Bugs Index Fund
USD
0.70%
2 617 084 MAGB SW
MAGB.S
Amex Gold Bugs Index
RBS
Lyxor ETF PRIVEX
EUR
0.70%
2 857 843 LYPVX SW
LYPVX.S
PRIVEX
SG; TH
iShares S&P Listed Private Equity
USD
0.75%
3 007 862 IPRV SW
IPRV.S
S&P Listed Private Equity
SIG
iShares FTSE/EPRA European Property Index Fund iShares FTSE EPRA/NAREIT Asia Property Yield Fund iShares FTSE EPRA/NAREIT Developed Markets Property Yield Fund iShares FTSE EPRA/NAREIT UK Property Fund iShares FTSE EPRA/NAREIT US Property Yield Fund
CHF USD
0.40% 0.59%
2 308 855 IPRP SW 2 758 517 IASP SW
IPRP.S IASP.S
SIG; UC SIG; UC
USD
0.59%
2 758 588 IWDP SW
IWDP.S
CHF USD
0.40% 0.40%
3 007 836 IUKP SW 2 778 490 IUSP SW
IUKP.S IUSP.S
iShares S&P Global Water
USD
0.65%
3 007 848 IH2O SW
IH2O.S
FTSE/EPRA European Property Index FTSE EPRA/NAREIT Asia Dividend + Index FTSE EPRA/NAREIT Developed Markets Property Yield Index FTSE EPRA/NAREIT UK Property Fund FTSE EPRA/NAREIT United States Dividend + Index S&P Global Water
Lyxor ETF World Water
EUR
0.60%
3 466 107 LYWAT SW
LYWAT.S
World Water Index CW
SG; TH; UC
Lyxor ETF DJ EURO STOXX 50 BuyWrite
EUR
0.40%
2 860 331 LYBWE SW
LYBWE.S
DJ EURO STOXX 50 BuyWrite
SG
iShares DJ Asia/Pacific Select Dividend db x-trackers DJ STOXX Global Select Dividend 100 ETF ComStage ETF DJ EURO STOXX Select Dividend 30 TR
USD CHF
0.59% 0.50%
2 585 454 IAPD SW 3 067 384 XGSD SW
IAPD.S XGSD.S
DJ Asia/Pacific Select Dividend DJ STOXX Global Select Dividend 100
SIG DB
CHF
0.25%
4 561 438 CBSD3T SW
CBSD3T.S
DJ EURO STOXX Select Dividend 30
CB
Europe
Product name
World
UBS-ETF MSCI EMU
Frontier Markets
Equities – Regions
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Investment Style Dividend Buy-Write Water
Real Estate
Equities – Specialities Themes / Alternative Investments Private Equity Mining Infrastructure Energy
UBS-ETF MSCI World
1 179 040 1 315 453 4 878 173 1 644 700 1 429 074 1 429 074 10 460 954 10 737 587 4 525 450 4 878 087 2 825 415 3 246 398 2 384 728 10 461 006 10 461 009 10 737 567 10 771 200 2 585 447 3 614 486
4 878 086 2 825 395 2 308 773 2 747 772 3 726 774 3 726 774 10 460 981
CBNDDUWI SW XMWO SW IWRD SW LYWLD SW WRDCHA SW WRDUSA SW WRDUSI SW
SIG; UC SIG; UC SIG; UC SIG
3
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
15
Underlying Index
Market Maker
3 067 379 XDIE SW
XDIE.S
DJ EURO STOXX Select Dividend 30
DB
0.40% 0.30% 0.40% 0.50%
2 308 797 2 751 936 2 308 843 2 857 546
IDVY.S LYSEL.S IUKD.S ETI.S
DJ STOXX Select Dividend 30 DJ STOXX Select Dividend 30 FTSE UK Dividend+ Index DJ Islamic Titans 100
SIG; TH; UC SG; TH; UC SIG; TH ML; SIG
Growth
iShares DJ EURO STOXX Growth
CHF
0.40%
2 308 814 IDJG SW
IDJG.S
DJ EURO STOXX Growth
SIG; TH; UC
EUR
0.40%
2 114 988 GWT SW
GWT.S
MSCI EMU Growth
SG; TH; UC
XMTCH (Lux) on MSCI EMU Large Cap ComStage ETF MSCI Europe Large Cap TRN Xmtch (IE) on MSCI Japan Large Cap Xmtch (IE) on MSCI UK Large Cap ComStage ETF MSCI USA Large Cap TRN Xmtch (IE) on MSCI USA Large Cap ComStage ETF DJ STOXX 600 Automobiles & Parts TR ComStage ETF DJ STOXX 600 Banks TR Lyxor ETF DJ STOXX 600 Banks ComStage ETF DJ STOXX 600 Basic Resources TR Lyxor ETF DJ STOXX 600 Basic Resources ComStage ETF DJ STOXX 600 Chemicals TR ComStage ETF DJ STOXX 600 Construction & Materials TR ComStage ETF DJ STOXX 600 Financial Services TR ComStage ETF DJ STOXX 600 Food & Beverage TR ComStage ETF DJ STOXX 600 Health Care TR Lyxor ETF DJ STOXX 600 Health Care ComStage ETF DJ STOXX 600 Industrial Goods & Services TR ComStage ETF DJ STOXX 600 Insurance TR ComStage ETF DJ STOXX 600 Media TR ComStage ETF DJ STOXX 600 Oil & Gas TR Lyxor ETF DJ STOXX 600 Oil & Gas ComStage ETF DJ STOXX 600 Personal & Household Goods TR ComStage ETF DJ STOXX 600 Real Estate TR ComStage ETF DJ STOXX 600 Retail TR ComStage ETF DJ STOXX 600 Technology TR ComStage ETF DJ STOXX 600 Telecommunications TR Lyxor ETF DJ STOXX 600 Telecommunications ComStage ETF DJ STOXX 600 Travel & Leisure TR ComStage ETF DJ STOXX 600 Utilities TR iShares DJ EURO STOXX SmallCap iShares DJ EURO STOXX MidCap XMTCH (Lux) on MSCI EMU Mid Cap Lyxor ETF MSCI EMU Small Cap Xmtch (IE) on MSCI EMU Small Cap ComStage ETF MSCI Europe Mid Cap TRN ComStage ETF MSCI Europe Small Cap TRN Xmtch (IE) on MSCI Japan Small Cap db x-trackers MSCI Europe Mid Cap TRN Index ETF
EUR CHF JPY GBP CHF USD CHF
0.40% 0.25% 0.36% 0.36% 0.25% 0.22% 0.25%
1 480 005 4 878 593 10 191 879 10 191 349 4 878 187 10 191 861 4 561 484
XMMSE SW CBMLCUEU SW XMJPLC SW XMUKLC SW CBMLCUUS SW XMUSLC SW CBSXAR SW
XMEZ.S CBMINEUL.S XMJPLC.S XMUKLC.S CBMINUSL.S XMUSLC.S CBSXAR.S
MSCI EMU Large Cap MSCI Europe Large Cap MSCI Japan Large Cap MSCI UK Large Cap MSCI USA Large Cap MSCI USA Large Cap DJ STOXX 600 Automobiles & Parts
CS; MS; TH; UC CB CS; UC CS; UC CB CS; UC CB
CHF EUR CHF EUR CHF CHF
0.25% 0.30% 0.25% 0.30% 0.25% 0.25%
4 561 494 2 632 953 4 561 479 2 632 953 4 561 499 4 561 502
CBSX7R SW LYBNK SW CBSXPR SW LYBRE SW CBSX4R SW CBSXOR SW
CBSX7R.S LYBNK.S CBSXPR.S LYBRE.S CBSX4R.S CBSXOR.S
DJ STOXX 600 Banks DJ STOXX 600 Banks DJ STOXX 600 Basic Resources DJ STOXX 600 Basic Resources DJ STOXX 600 Chemicals DJ STOXX 600 Construction & Materials
CB SG; TH; UC CB SG; TH; UC CB CB
CHF CHF CHF EUR CHF
0.25% 0.25% 0.25% 0.30% 0.25%
4 561 507 4 561 511 4 561 515 2 632 858 4 561 518
CBSXFR SW CBSX3R SW CBSXDR SW LYHLT SW CBSXNR SW
CBSXFR.S CBSX3R.S CBSXDR.S LYHLT.S CBSXNR.S
CB CB CB SG; TH; UC CB
CHF CHF CHF EUR CHF
0.25% 0.25% 0.25% 0.30% 0.25%
4 561 519 4 561 523 4 561 526 2 757 464 4 561 567
CBSXIR SW CBSXMR SW CBSXER SW LYOIL SW CBSXQR SW
CBSXIR.S CBSXMR.S CBSXER.S LYOIL.S CBSXQR.S
CHF CHF CHF CHF
0.25% 0.25% 0.25% 0.25%
4 561 571 4 561 576 4 561 599 4 561 604
CBSX86R SW CBSXRR SW CBSX8R SW CBSXKR SW
CBSX86R.S CBSXRR.S CBSX8R.S CBSXKR.S
DJ STOXX 600 Financial Services DJ STOXX 600 Food & Beverage DJ STOXX 600 Health Care DJ STOXX 600 Health Care DJ STOXX 600 Industrial Goods & Services DJ STOXX 600 Insurance DJ STOXX 600 Media DJ STOXX 600 Oil & Gas DJ STOXX 600 Oil & Gas DJ STOXX 600 Personal & Household Goods DJ STOXX 600 Real Estate DJ STOXX 600 Retail DJ STOXX 600 Technology DJ STOXX 600 Telecommunications
EUR CHF CHF CHF CHF EUR EUR EUR CHF CHF JPY CHF
0.30% 0.25% 0.25% 0.40% 0.40% 0.40% 0.40% 0.42% 0.35% 0.35% 0.42% 0.40%
2 632 800 4 561 607 4 56 1610 1 963 445 1 963 443 3 280 326 2 103 103 10 192 176 4 878 596 4 878 599 10 191 873 3 614 455
LYTEL SW CBSXTR SW CBSX6R SW DJSC SW DJMC SW XMEUM SW MMS SW XMEUSC SW CBMMDUEU SW CBNCUDE1 SW XMJPSC SW XEUM SW
LYTEL.S CBSXTR.S CBSX6R.S DJSC.S DJMC.S XMEUM.S MMS.S XMEUSC.S CBMINEUM.S CBMINEUS.S XMJPSC.S XEUM.S
SG; TH; UC CB CB SIG; TH SIG; TH CS SG CS; UC CB CB CS; UC DB
db x-trackers MSCI Europe Small Cap TRN Index ETF Xmtch (IE) on MSCI UK Small Cap ComStage ETF MSCI USA Mid Cap TRN ComStage ETF MSCI USA Small Cap TRN Xmtch (IE) on MSCI USA Small Cap db x-trackers Russell 2000 ETF 1C UBS Index Solutions – SMIM ETF A UBS Index Solutions – SMIM ETF I XMTCH (CH) on SMIM iShares DJ EURO STOXX Value Lyxor ETF MSCI EMU Value UBS-ETF MSCI EMU Value A
CHF
0.40%
GBP CHF CHF USD USD CHF CHF CHF CHF EUR EUR
0.42% 0.35% 0.35% 0.30% 0.30% 0.40% 0.25% 0.45% 0.40% 0.40% 0.35%
DJ STOXX 600 Telecommunications DJ STOXX 600 Travel & Leisure DJ STOXX 600 Utilities DJ EURO STOXX Small Cap DJ EURO STOXX Mid Cap MSCI EMU Mid Cap MSCI EMU Small Cap MSCI EMU Small Cap MSCI Europe Mid Cap MSCI Europe Small Cap MSCI Japan Small Cap MSCI Total Return Net Europe Mid Cap Index MSCI Total Return Net Europe Small Cap Index MSCI UK Small Cap MSCI USA Mid Cap MSCI USA Small Cap MSCI USA Small Cap Russell 2000 SMIM SMIM SMIM DJ EURO STOXX Value MSCI EMU Value MSCI EMU Value
Value
Small – & Mid Cap
Sectors
Equities – Specialities Investment Style Dividend Ethical bias ETF
Reuters
Large Cap
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product name
TCCY Mgmt F Sec No.
db x-trackers DJ EURO STOXX Select Dividend 30 ETF iShares DJ EURO STOXX Select Dividend Lyxor ETF DJ STOXX Select Dividend 30 iShares FTSE UK Dividend Plus EasyETF DJ Islamic Market Titans 100
CHF
0.30%
CHF EUR CHF USD
Lyxor ETF MSCI EMU Growth
Bloomberg
IDVY SW LYSEL SW IUKD SW ETI SW
3 614 480 XXSC SW 10 191 675 4 878 188 4 878 591 10 191 868 3 613 632 11 176 253 11 176 254 1 985 280 2 308 806 2 103 115 10 461 013
XMUKSC SW CBMMDUUS SW CBNCUDUS SW XMUSSC SW XRUD SW SMMCHA SW SMMCHI SW XMSMM SW IDJV SW EMV SW EMVEUA SW
XXSC.S XMUKSC.S CBMINUSM.S CBMINUSS.S XMUSSC.S XRUD.S SMMCHA.S SMMCHI.S XMSMM.S IDJV.S EMV.S EMVEUA.S
CB CB CB SG; TH; UC CB CB CB CB CB
DB CS; UC CB CB CS; UC DB UBS; CB UBS; CB CS; TH SIG; TH; UC SG; TH; UC CB; UBS
4
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
16
Silver
Platinum
Palladium
Commodities Physical Underlyings Gold
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product name
TCCY Mgmt F Sec No.
Julius Baer Physical Gold Fund (CHF) A – optional redemption in kind Julius Baer Physical Gold Fund (CHF) AX – no redemption in kind Julius Baer Physical Gold Fund (EUR) A – optional redemption in kind Julius Baer Physical Gold Fund (EUR) AX – no redemption in kind Julius Baer Physical Gold Fund (GBP) A – optional redemption in kind Julius Baer Physical Gold Fund (GBP) AX – no optional redemption in kind Julius Baer Physical Gold Fund (USD) A – optional redemption in kind Julius Baer Physical Gold Fund (USD) AX – no redemption in kind UBS Index Solutions – Gold (CHF) hedged ETF A UBS Index Solutions – Gold (CHF) hedged ETF I UBS Index Solutions – Gold (EUR) hedged ETF A UBS Index Solutions – Gold (EUR) hedged ETF I UBS Index Solutions – Gold (USD) ETF A UBS Index Solutions – Gold (USD) ETF I Xmtch II (CH) on Gold Xmtch II (CH) on Gold – hedged CHF Xmtch II (CH) on Gold – hedged EUR ZKB Gold ETF (CHF) ZKB Gold ETF (EUR) ZKB Gold ETF (GBP) ZKB Gold ETF (USD) ZKB Gold ETF hedged (CHF) ZKB Gold ETF hedged (EUR) ZKB Gold ETF hedged (GBP) Julius Baer Physical Palladium Fund (CHF) A – optional redemption in kind Julius Baer Physical Palladium Fund (CHF) AX – no optional redemption in kind Julius Baer Physical Palladium Fund (EUR) A – optional redemption in kind Julius Baer Physical Palladium Fund (EUR) AX – no optional redemption in kind Julius Baer Physical Palladium Fund (GBP) A – optional redemption in kind Julius Baer Physical Palladium Fund (GBP) AX – no optional redemption in kind Julius Baer Physical Palladium Fund (USD) A – optional redemption in kind Julius Baer Physical Palladium Fund (USD) AX – no optional redemption in kind ZKB Palladium ETF Julius Baer Physical Platinum Fund (CHF) A – optional redemption in kind Julius Baer Physical Platinum Fund (CHF) AX – no optional redemption in kind Julius Baer Physical Platinum Fund (EUR) A – optional redemption in kind Julius Baer Physical Platinum Fund (EUR) AX – no optional redemption in kind Julius Baer Physical Platinum Fund (GBP) A – optional redemption in kind Julius Baer Physical Platinum Fund (GBP) AX – no optional redemption in kind Julius Baer Physical Platinum Fund (USD) A – optional redemption in kind Julius Baer Physical Platinum Fund (USD) AX – no optional redemption in kind ZKB Platinum ETF Julius Baer Physical Silver Fund (CHF) A – optional redemption in kind Julius Baer Physical Silver Fund (CHF) AX – no optional redemption in kind Julius Baer Physical Silver Fund (EUR) A – optional redemption in kind Julius Baer Physical Silver Fund (EUR) AX – no optional redemption in kind Julius Baer Physical Silver Fund (GBP) A – optional redemption in kind Julius Baer Physical Silver Fund (GBP) AX – no optional redemption in kind
CHF
0.40%
CHF
Bloomberg
Reuters
Underlying Index
Market Maker
4 478 123 JBGOCA SW
JBGOCA.S
Physical gold
JB
0.40%
4 482 173 JBGOCX SW
JBGOCX.S
Physical gold
JB
EUR
0.40%
4 478 117 JBGOEA SW
JBGOEA.S
Physical gold
JB
EUR
0.40%
4 482 169 JBGOEX SW
JBGOEX.S
Physical gold
JB
GBP
0.40%
10 344 776 JBGOGA SW
JBGOGA.S
Physical gold
JB
GBP
0.40%
10 344 779 JBGOGX SW
JBGOGX.S
Physical gold
JB
USD
0.40%
4 478 114 JBGOUA SW
JBGOUA.S
Physical gold
JB
USD
0.40%
4 478 125 JBGOUX SW
JBGOUX.S
Physical gold
JB
CHF CHF EUR EUR USD USD USD CHF EUR CHF EUR GBP USD CHF EUR GBP CHF
0.35% 0.30% 0.35% 0.30% 0.35% 0.35% 0.30% 0.35% 0.35% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.50%
10 602 712 10 602 713 10 602 714 10 602 715 10 602 718 10 602 719 10 413 623 10 413 628 10 413 631 2 439 100 4 753 352 10 449 329 4 753 354 10 332 672 10 332 676 10 449 330 10 640 723
AUCHAH.S AUCHIH.S AUEUAH.S AUEUIH.S AUUSA.S AUUSI.S XMGLD.S XMGLDC.S XMGLDE.S ZGLD.S ZGLDEU.S ZGLDGB.S ZGLDUS.S ZGLDHC.S ZGLDHE.S ZGLDHG.S JBPACA.S
Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical gold Physical palladium
UBS UBS UBS UBS UBS UBS CS CS CS ZKB ZKB ZKB ZKB ZKB ZKB ZKB JB
CHF
0.50%
10 640 732 JBPACX SW
JBPACX.S
Physical palladium
JB
EUR
0.50%
10 640 721 JBPAEA SW
JBPAEA.S
Physical palladium
JB
EUR
0.50%
10 640 731 JBPAEX SW
JBPAEX.S
Physical palladium
JB
GBP
0.50%
10 640 725 JBPAGA SW
JBPAGA.S
Physical palladium
JB
GBP
0.50%
10 640 735 JBPAGX SW
JBPAGX.S
Physical palladium
JB
USD
0.50%
10 640 720 JBPAUA SW
JBPAUA.S
Physical palladium
JB
USD
0.50%
10 640 726 JBPAUX SW
JBPAUX.S
Physical palladium
JB
CHF CHF
0.50% 0.50%
2 979 268 ZPAL SW 10 640 628 JBPLCA SW
ZPAL.S JBPLCA.S
Physical palladium Physical platinum
ZKB JB
CHF
0.50%
10 640 717 JBPLCX SW
JBPLCX.S
Physical platinum
JB
EUR
0.50%
10 640 623 JBPLEA SW
JBPLEA.S
Physical platinum
JB
EUR
0.50%
10 640 715 JBPLEX SW
JBPLEX.S
Physical platinum
JB
GBP
0.50%
10 640 704 JBPLGA SW
JBPLGA.S
Physical platinum
JB
GBP
0.50%
10 640 719 JBPLGX SW
JBPLGX.S
Physical platinum
JB
USD
0.50%
10 640 621 JBPLUA SW
JBPLUA.S
Physical platinum
JB
USD
0.50%
10 640 709 JBPLUX SW
JBPLUX.S
Physical platinum
JB
CHF CHF
0.50% 0.60%
2 979 270 ZPLA SW 10 640 589 JBSICA SW
ZPLA.S JBSICA.S
Physical platinum Physical silver
ZKB JB
CHF
0.60%
10 640 619 JBSICX SW
JBSICX.S
Physical silver
JB
EUR
0.60%
10 640 586 JBSIEA SW
JBSIEA.S
Physical silver
JB
EUR
0.60%
10 640 618 JBSIEX SW
JBSIEX.S
Physical silver
JB
GBP
0.60%
10 640 592 JBSIGA SW
JBSIGA.S
Physical silver
JB
GBP
0.60%
10 640 620 JBSIGX SW
JBSIGX.S
Physical silver
JB
AUCHAH SW AUCHIH SW AUEUAH SW AUEUIH SW AUUSA SW AUUSI SW XMGLD SW XMGLDC SW XMGLDE SW ZGLD SW ZGLDEU SW ZGLDGB SW ZGLDUS SW ZGLDHC SW ZGLDHE SW ZGLDHG SW JBPACA SW
5
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
17
Government Germany
Government Euro-Zone
Fixed Income Bonds Government Switzerland
Others Metals
Baskets Agriculture
Commodities Physical Underlyings Silver
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product name
TCCY Mgmt F Sec No.
Julius Baer Physical Silver Fund (USD) A – optional redemption in kind Julius Baer Physical Silver Fund (USD) AX – no optional redemption in kind ZKB Silver ETF (CHF) ZKB Silver ETF (EUR) ZKB Silver ETF (USD) Market Access RICI-Agriculture Index Fund
USD
0.60%
USD
0.60%
CHF EUR USD CHF
0.60% 0.60% 0.60% 0.85%
2 979 271 4 753 355 4 753 357 2 617 070
PowerShares Global Agriculture NASDAQ OMX FUND
USD
0.75%
Market Access RICI-Metals Index Fund
USD
0.85%
ComStage ETF Commerzbank Commodity EW Index TR db x-trackers DB Commodity Booster DJ-UBSCI ETF 4C EasyETF GSCI Lyxor ETF Commodities CRB Lyxor ETF Commodities CRB non Energy Market Access Jim Rogers International Commodity Index Fund
CHF
0.30%
CHF
0.75%
USD USD USD USD
0.45% 0.35% 0.35% 0.85%
Reuters
Underlying Index
Market Maker
10 640 584 JBSIUA SW
JBSIUA.S
Physical silver
JB
10 640 595 JBSIUX SW
JBSIUX.S
Physical silver
JB
ZSIL.S ZSILEU.S ZSILUS.S MRAI.S
Physical silver Physical silver Physical silver Rogers International Agriculture Commodity Index
ZKB ZKB ZKB RBS
4 463 518 PSUU SW
PSUU.S
NASDAQ OMX Global Agriculture Index SIG
2 617 059 MRMI SW
MRMI.S
Rogers International Metals Commodity RBS Index
10 239 604 CBCOMM SW
CBCOMMO.S
Commerzbank Commodity EW Index TR CB
10 638 160 XCBC SW
XCBC.S
DB Commodity Booster DJ-UBSCI
GSCID.S CRB.S LYCRN.S MRIC.S
Goldman Sachs Commodity Index (GSCI) SIG Reuters/Jefferies CRB Index SG Reuters/Jefferies CRB Index non Energy SG Rogers International Commodity Index RBS
Xmtch (CH) on Swiss Bond Index Domestic Government 1-3
CHF
0.15%
10 253 078 XTBIK SW
XTBIK.S
SBI DOM Government 1-3 P
CS
XMTCH (CH) on Swiss Bond Index Domestic Government 3-7
CHF
0.15%
1 699 984 XTBID SW
XBID.S
SBI DOM Government 3-7 P
CS
XMTCH (CH) on Swiss Bond Index Domestic Government 7+
CHF
0.15%
1 699 986 XTBIG SW
XBIG.S
SBI DOM Government 7+ P
CS
iShares EUR Government Bond 1-3 iShares EUR Government Bond 3-5
CHF CHF
0.20% 0.20%
2 585 405 IBGS SW 2 803 883 IBGX SW
IBGS.S IBGX.S
SIG SIG
iShares EUR Government Bond 7-10
CHF
0.20%
2 803 943 IBGM SW
IBGM.S
iShares EUR Government Bond 15-30
CHF
0.20%
2 803 854 IBGL SW
IBGL.S
iShares EUR Inflation Linked Bond
CHF
0.25%
2 308 827 IBCI SW
IBCI.S
Lyxor ETF EuroMTS 1-3Y Lyxor ETF EuroMTS 3-5Y Lyxor ETF EuroMTS 5-7Y Lyxor ETF EuroMTS 7-10Y Amundi ETF GOVT Bond EUROMTS Broad
EUR EUR EUR EUR EUR
0.17% 0.17% 0.17% 0.17% 0.14%
2 276 017 1 756 909 2 864 220 2 864 210 10 191 015
Lyxor ETF EuroMTS Global Lyxor ETF EuroMTS Inflation Linked ComStage ETF iBoxx EUR Liquid Sovereigns Div Overall TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 1-3 TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 3-5 TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 5-7 TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 7-10 TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 10-15 TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 15+ TR ComStage ETF iBoxx EUR Liquid Sovereigns Div 25+ TR Xmtch (IE) on iBoxx EUR Govt 1-3 Xmtch (IE) on iBoxx EUR Govt 3-7 Xmtch (IE) on iBoxx EUR Govt 7-10 Xmtch (IE) on iBoxx EUR Inflation Linked
EUR EUR CHF
0.17% 0.20% 0.12%
1 731 541 LYMTX SW 2 110 486 LYMTI SW 10 631 091 CBOXESOV SW
LYMTX.S LYMTI.S CBIBOXSOTT.S
CHF
0.12%
10 631 104 CBOXES1 SW
CB3LD6.S
CHF
0.12%
10 631 138 CBOXES3 SW
CB3LD7.S
CHF
0.12%
10 632 204 CBOXES5 SW
CB3LD8.S
CHF
0.12%
10 632 209 CBOXES7 SW
CB3LD9.S
CHF
0.12%
10 632 210 CBOXES10 SW
CBIBOXS10T.S
CHF
0.12%
10 632 211 CBOXES15 SW
CBIBOXS15T.S
Barclays Euro Government Bond 1-3 Barclays Euro Government Bond 5yr Term Index Barclays Euro Government Bond 10yr Term Index Barclays Euro Government Bond 30yr Term Index Barclays Euro Government InflationLinked Bond EuroMTS 1-3Y Index EuroMTS 3-5Y Index EuroMTS 5-7Y Index EuroMTS 7-10Y Index EuroMTS Eurozone Government Broad All Maturities EuroMTS Global Index EuroMTS Inflation Linked Index Markit iBoxx EUR Liquid Sovereigns Diversified Overall Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 1-3 Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 3-5 Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 5-7 Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 7-10 Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 10-15 Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 15+ Total Return Index Markit iBoxx EUR Liquid Sovereigns Diversified 25+ Total Return Index Markit iBoxx EUR Sovereigns 1-3 Index Markit iBoxx EUR Sovereigns 3-7 Index Markit iBoxx EUR Sovereigns 7-10 Index Markit iBoxx EUR Sovereigns Inflation-Linked Index Markit iBoxx EUR Sovereigns Germany Capped 1-5 Total Return Index
1 967 784 2 529 323 2 633 226 2 503 175
Bloomberg
ZSIL SW ZSILEU SW ZSILUS SW MRAI SW
GSCIUSD SW CRB SW LYCRN SW MRIC SW
LYMTA SW LYMTB SW LYMTC SW LYMTD SW CB3 SW
LYMTA.S LYMTB.S LYMTC.S LYMTD.S CB3.S
DB; DBF
SIG SIG SIG SG SG SG; TH SG; TH SG SG SG CB CB CB CB CB CB CB
CHF
0.12%
10 632 213 CBOXES25 SW
CBIBOXS25T.S
EUR EUR EUR EUR
0.12% 0.12% 0.12% 0.16%
10 200 506 10 200 620 10 200 633 10 200 715
XMBGE3.S XMBGE7.S XMBGE0.S XMBILE.S
ComStage ETF iBoxx EUR Sovereigns Germany Cap 1-5 TR
CHF
0.12%
10 632 217 CBOXGS1 SW
CBIBOXSC1T.S
ComStage ETF iBoxx EUR Sovereigns Germany Cap 5-10 TR
CHF
0.12%
10 632 218 CBOXGS5 SW
CBIBOXSC5T.S
Markit iBoxx EUR Sovereigns Germany CB Capped 5-10 Total Return Index
ComStage ETF iBoxx EUR Sovereigns Germany Cap 10+ TR
CHF
0.12%
10 632 219 CBOXGS10 SW
CBIBOXSC0T.S
Markit iBoxx EUR Sovereigns Germany CB Capped 10+ Total Return Index
XMBGE3 SW XMBGE7 SW XMBGE0 SW XMBILE SW
CB CS CS CS CS CB
6
ETF NEWSLETTER | No. 27 | 1 Quarter 2010
18
Real Estate Funds
Funds Hedge Funds
Money Market USA Europe
Corporate US
Corporate EUR
Fixed Income Bonds Government US
> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product name
TCCY Mgmt F Sec No.
iShares $ TIPS
USD
0.25%
iShares $ Treasury Bond 1-3 iShares $ Treasury Bond 7-10 Xmtch (IE) on iBoxx USD Inflation Linked Xmtch (IE) on iBoxx USD Govt 1-3 Xmtch (IE) on iBoxx USD Govt 3-7 Xmtch (IE) on iBoxx USD Govt 7-10 Amundi ETF Euro Corporates
USD USD USD USD USD USD EUR
0.20% 0.20% 0.16% 0.12% 0.12% 0.12% 0.16%
iShares Euro Corporate Bonds
CHF
0.20%
Lyxor ETF Euro Corporate Bond
EUR
0.20%
iShares $ Corporate Bond
USD
0.20%
ComStage ETF Commerzbank EONIA Index TR
CHF
Lyxor ETF EURO CASH ComStage ETF Commerzbank FedFundsEffectiveRateIndexTR
Bloomberg
Reuters
Underlying Index
Market Maker
ITPS.S
SIG
IBTS.S IBTM.S XMBILU.S XMBGU3.S XMBGU7.S XMBGU0.S CC4.S
Barclays US Government InflationLinked Bond Index Barclays US Treasury 1-3 Barclays US Treasury 10yr Term Index Markit iBoxx Tips Inflation-Linked Index Markit iBoxx US Treasuries 1-3 Index Markit iBoxx US Treasuries 3-7 Index Markit iBoxx US Treasuries 7-10 Index Markit iBoxx Euro Liquid Corporates
SIG SIG CS CS CS CS SG
1 582 841 IBCX SW
IBCX.S
Markit iBoxx EUR Liquid Corporates
SIG
10 084 202 LYCRP SW
LYCRP.S
Markit iBoxx EUR Liquid Corporates Overall Index
SG
1 613 957 LQDE SW
LQDE.S
GS $ InvesTop
SIG
0.10%
4 561 617 CBEONIA SW
CBEONIA.S
Commerzbank EONIA Index
CB
EUR
0.15%
3 364 870 LYCSH SW
LYCSH.S
EUROMTS EONIA Investable
SG
CHF
0.10%
4 561 626 CBFEDFER SW
CBFEDFER.S
Commerzbank Fed Funds Effective Rate CB Index
db x-trackers DB Hedge Fund Index 5C
CHF
0.70%
XHFC.S
DB Hedge Fund
DB
UBS Index Solutions – SXI Real Estate Funds ETF (CHF) A
CHF
0.45%
SRECHA.S
SXI Real Estate Funds
UBS
UBS Index Solutions – SXI Real Estate Funds ETF (CHF) I
CHF
0.25%
SRECHI.S
SXI Real Estate Funds
UBS
Reuters
Underlying Index
Market Maker
2 803 924 ITPS SW 2 585 461 2 803 820 10 200 702 10 200 789 10 200 795 10 200 800 10 190 045
IBTS SW IBTM SW XMBILU SW XMBGU3 SW XMBGU7 SW XMBGU0 SW CC4 SW
10 638 165 XHFC SW
10 599 440
SRECHA SW
10 599 441 SRECHI SW
Leveraged Products
Europe
Equities
Product name
TCCY Mgmt F Sec No.
Bloomberg
Amundi ETF Leveraged DJ EURO STOXX 50
EUR
0.30%
10 204 758 C5L SW
C5L.S
DJ EURO STOXX 50 Leveraged Index
CA
ComStage ETF DJ EURO STOXX 50 Leveraged Amundi ETF Leveraged MSCI Europe Daily
CHF EUR
0.35% 0.35%
4 878 611 CBSX5EL SW 10 204 769 CLE SW
CBSX5EL.S CLE.S
DJ EURO STOXX 50 Leveraged Index MSCI Europe Leveraged 2x Daily
CB CA
TCCY Mgmt F Sec No.
Bloomberg
Reuters
Underlying Index
Market Maker
Amundi ETF Short Dow Jones EURO STOXX 50 ComStage ETF DJ EURO STOXX 50 Short TR db x-trackers DJ EURO STOXX 50 Short Daily ETF db x-trackers CAC 40® Short Daily ETF 1C
EUR CHF CHF CHF
0.30% 0.35% 0.40% 0.20%
C5S SW CBSX5TS SW XSSX SW XC4S SW
C5S.S CBSX5TS.S XSSX.S XC4S.S
DJ EURO STOXX 50 Short DJ EURO STOXX 50 Short DJ EURO STOXX 50 Short CAC 40 Short
CA CB DB DB
Germany
db x-trackers SHORTDAX Daily ETF
CHF
0.40%
3 067 452 XSDX SW
XSDX.S
SHORTDAX
DB
db x-trackers FTSE 100 Short Daily ETF
CHF
0.30%
3 613 625 XUKS SW
XUKS.S
FTSE 100 Short Index
DB
France
Europe
Product name
United Kingdom
Equities
Short Products
Market Makers CA CB CS DB DBF JB ML
Crédit Agricole Cheuvreux S.A. Commerzbank AG Credit Suisse Deutsche Bank AG London Branch Deutsche Bank AG Frankfurt Bank Julius Bär & Co. AG Merrill Lynch
10 218 467 4 878 608 3 071 334 3 614 450
MS RBS SG SIG TH UBS UC ZKB
Morgan Stanley The Royal Bank of Scotland Société Générale Susquehanna Timber Hill (Europa) AG UBS UniCredit Bank Ltd Zürcher Kantonalbank
7
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product Provider Product Provider
Contact
Phone
Olivier Paquier Emmanuel Monet
+33 1 43 23 84 44 +33 1 57 72 65 76
Philipp Lang Levente Kulcsar Hermann Berger Frederic Arnold
+41 44 267 16 17 +49 69 1362 1812 +35 2 2708-2648 +41 44 267 16 07
Manooj Mistry Thorsten Michalik Simon Klein
+44 20 7545 1037 +49 69 9103 0728 +49 69 9103 7991
BNP Paribas Asset Management Danièle Thomé-Adet Nicolas Ioannides
+33 1 5897 2817 +33 1 5577 5423
Paolo Corredig Thibaud de Cherisey
+41 44 287 90 15 +33 1 5662 4304
Armelle Loeb-Darcagne Gabriela Utz Jakobsen
+44 20 7668 8121 +41 44 567 38 16
Swiss & Global Asset Management AG Stephan Müller
+41 58 888 73 80
Société Générale Roger Bootz
+41 58 272 33 44
Irene Brunner
+41 44 631 62 62
Christian Gast
+41 44 234 75 19
Credit Suisse Thomas Merz Beat Rueegg Florian Bauer Bin Wu
+41 44 334 18 07 +41 44 333 64 80 +41 44 332 93 77 +41 44 333 45 80
Ernesto Weller Franz Görres
+41 44 292 38 37 +41 44 292 25 02
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Product Provider and number of ETFs SIX Swiss Exchange Product Provider Comstage
Number* of ETFs as of 15.04.2010 62
iShares
48
Lyxor ETF
44
Xmtch
40
db x-trackers
36
UBS ETF
35
Bank Julius Bär & Co AG
32
ZKB ETFs
12
Amundi ETF
10
Market Access
10
Easy ETF PowerShares Total
2 2 333
* Some fungbile ETFs (same ISIN) are tradable in multiple currencies. They are accordingly counted more than once.
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Market Maker Market Maker
Contact
Phone
Lars Hermann Michal Labuda Carlo Wiese Daniel Drescher Steffen Seitz Ulrike Berz
+49 69 1362 1473 +49 69 1364 3416 +49 69 1362 1620 +49 69 1364 3414 +49 69 1364 8833 +49 69 1364 7786
Trading desk
+33 1 41 89 77 71
Jakob F. Staenz (Equity) Pascal Capaul (Fixed Income) Daniel Enderli (Fixed Income USD und EUR) Stefan Hofmann (Gold)
+41 44 335 73 00 +41 44 335 72 10 +41 44 335 72 69 +41 44 333 90 90
Alexandre Reinert Konrad Fandl Konrad Blumenroth
+44 20 7545 1518 +49 69 9103 3142 +49 69 9103 9092
Bernardus Roelofs
+31 (20) 799 67 77
Flavio Villa
+41 58 888 84 32
Harry Emeric
+44 20 7916 1034
Jason Warr James Black
+44 20 7425 6361 +44 20 7425 6362
Michael Larsson
+44 20 7678 5399
David Attar (Equity) Matthew Sanner (Commodities) Jeremie Ouaki (Money Market)
+33 1 4213 8384 +33 1 4213 9814 +33 1 4213 3863
David Murtagh
+353 1 802 8020
Roger Ryff Alexander Manets
+41 41 726 50 74 +41 41 726 95 84
Kweku Adoboli John Hughes Mark Hedinger Lukas Zweifel
+44 20 7567 9258 +44 20 7568 8315 +41 44 239 75 27 +41 44 239 33 19
Paolo Giulianini Stefano Valenti Bastian Ohta Krisan Haria Gregor Hamme
+44 20 7826 6921 +44 20 7826 6920 +44 20 7826 6914 +44 20 7826 6801 +44 20 7826 6621
Peter Wullschleger
+41 44 293 65 04
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Committed Market Makers in number of ETFs SIX Swiss Exchange Market Maker
Number* of ETFs as of 26.04.2010
Commerzbank AG
87
UniCredit Bank AG
61
Timber Hill (Europe) AG
51
Susquehanna
49
Société Générale
46
Credit Suisse AG
40
Deutsche Bank AG London Branch
35
UBS
35
Bank Julius Bär & Co. AG
32
Zürcher Kantonalbank
12
Royal Bank of Scotland
10
Crédit Agricole Cheuvreux
8
Flow Traders
4
Morgan Stanley
2
Deutsche Bank AG, Frankfurt
1
Merrill Lynch
1
* Some fungbile ETFs (same ISIN) are tradable in multiple currencies. They are accordingly counted more than once.
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Appendix What are Exchange Traded Funds? Exchange Traded Funds (abbreviation: ETFs) are investment funds that are listed on a securities exchange and traded permanently. The majority of ETFs launched to date are index funds – or, as it were, passively managed funds – whose objective is to mirror the price and yield developments of a given underlying index. ETFs combine the advantages of con-ventional index-related funds with those of exchangelisted shares. Investors acquire in a single transaction a holding that represents all the constituent issues of a specific index, and thus can easily and conveniently diversify their portfolios. The composition of the fund is continuously adjusted to reflect the weightings within the index and is therefore known to all and eminently transparent. On one hand, the advantage to investors is represented by their ability to acquire a diversified, regulated and costefficient in-vestment instrument. On the other, ETFs offer a similarly high degree of liquidity as that of shares because they are traded permanently on SIX Swiss Exchange.
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> Expert View | ETF News | Events | Market Data | Product Facts | Product Provider & Market Maker | Appendix
Contact Clemens Reuter Head of Member Relations T +41 (0)58 854 23 32 F +41 (0)58 854 24 55
[email protected]
Alain Picard Head ETFs & other Financial Product Sales T +41 (0)58 854 25 59 F +41 (0)58 854 24 55
[email protected]
Disclaimer SIX Swiss Exchange Ltd None of the information contained herein constitutes an offer to buy or sell a financial instrument that is traded on SIX Swiss Exchange Ltd. SIX Swiss Exchange Ltd is liable neither for the completeness and accuracy of the information given, nor for any loss incurred as a result of action taken on the basis of information provided in this or any other SIX Swiss Exchange Ltd publication. SIX Swiss Exchange Ltd expressly reserves the right to alter prices or product composition at any time. SIX Swiss Exchange Ltd is a joint-stock company under Swiss law. It operates a securities exchange which is licensed and supervised by the Financial Market Supervisory Authority FINMA. SIX Swiss Exchange Ltd is a stock exchange recognised in France, Italy, the Netherlands and the United Kingdom. It may also operate in Austria, Finland, Germany, Sweden, Belgium and Luxembourg. ® SIX Group, SIX Swiss Exchange, SPI, Swiss Performance Index (SPI), SPI EXTRA, SPI ex SLI, SMI, Swiss Market Index (SMI), SMI MID (SMIM), SMI Expanded, SXI, SXI Real Estate, SXI Swiss Real Estate, SXI Life Sciences, SXI Bio+Medtech, SLI, SLI Swiss Leader Index, SBI, SBI Swiss Bond Index, SAR, SAR SWISS AVERAGE RATE, SARON, SCR, SCR SWISS CURRENT RATE, SCRON, SAION, SCION, VSMI and SWX Immobilienfonds Index are trademarks that have been registered in Switzerland and/or abroad by SIX Group Ltd respectively SIX Swiss Exchange Ltd. Their use is subject to a licence. © SIX Swiss Exchange Ltd, April 2010
SIX Swiss Exchange Ltd Selnaustrasse 30 P.O. Box 1758 CH-8021 Zurich
T +41 (0)58 854 54 54 F +41 (0)58 854 54 55
[email protected] www.six-swiss-exchange.com
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