About SIX Decrement Indices
The SIX Decrement Indices replicate an investment in the underlying Total Return index (e.g. SMI TR) less a constant Decrement in the form of a fixed annualized percentage value or a fixed annualized index point value. The performance reduction is applied on a daily basis as per the actual/360 day count convention. The Decrement is often called "synthetic" dividend. To have comparable returns with the price return (e.g. SMI PR) of the underlying index (e.g. SMI TR), the Decrement needs to be roughly of the size of the realized dividend.
The base index, the SMI, is Switzerland’s most important stock index comprising the 20 largest stocks from the SPI and is fully compliant with ESMA UCITS guidelines.
Decrement indices are gaining high acceptance for their use as an underlying for structured products due to their coverage of the Swiss Blue Chip equity market and simplified applicability for financial instruments.
The SIX Decrement Indices are calculated and distributed once a day after closing.
Launched on 07 Jan 2022
History available since 30 Dec 2010
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