“Since the first ETF listings on our platform in September 2000, ETFs have evolved to become one of the most popular and disruptive product innovations in asset management. Supporting that development, SIX itself has developed into one of the top ETF listing destinations in Europe and as such we welcome AXA IM as a new ETF issuer on our exchange”, says Christian Reuss, Head SIX Swiss Exchange.
The three funds issued by AXA IM bring the total number of ETFs trading at SIX Swiss Exchange to 1’706 and the number of issuers to 27. Two of the three new AXA IM ETFs are classified as active ETFs, bringing their total to 62. More than a third of the ETF issuers at SIX Swiss Exchange offer actively managed ETFs. Active ETFs have been available to investors at SIX Swiss Exchange since March 2014. While passive ETFs track the prices and returns of underlying indices, the composition of active ETFs is optimized on an ongoing basis by a portfolio manager to respond to market trends.
Trading turnover in ETFs at SIX Swiss Exchange accounted for CHF 15.5 bn in the first quarter of the current year, which is 8.4% more than in the previous quarter. Active ETFs trading turnover reached CHF 91.1 mn. in the first quarter of the year which translates into a growth of 195% compared to the previous quarter.
Assets invested in active ETFs increased 7.2% YTD globally and account for roughly CHF 470 bn. according to ETFGI, an independent research and consultancy firm covering trends in the global ETFs ecosystem. Year-to-date net inflows of roughly CHF 23 bn. in 2023 are the second highest on record.
AXA Investment Managers is an asset manager, actively investing for the long-term to help its clients, its people and the world to prosper. AXA IM entered the European ETF market focusing on innovative active ETFs as well as cost efficient ETFs. The French asset manager started its ETF journey with the launch of the first two active thematic equity ETFs in Europe targeting biodiversity and the climate themes, as well as one ETF tracking the Nasdaq 100 Index, focusing on cost efficiency.
Discover more about AXA IM.
Further information on the ETF segment at SIX.