With the advent of derivatives trading in the 1980s came the introduction of continuous trading - and with it the need for a continuously calculated, transparent and independent index for the Swiss market. The Association of Swiss Securities Exchanges (a predecessor organization of SIX) responded to this requirement of the market by launching the SMI on 30 June 1988. It was the beginning of a success story that has continued for the last 30 years:
- Over this period, the index has risen almost sixfold.
- The SMI stocks of Nestlé and Novartis have the two highest market capitalizations in Europe and along with Roche are among Europe's top five.
- The SMI is used around the globe as a reference value and underlying for countless investment products including ETFs, Funds, Structured Products and Derivatives.
On our SMI anniversary page you will find further facts and figures, as well as the most important events at a glance. Visit: www.six-group.com/smi-30years
The SMI has evolved into Switzerland's most important equity index and today is one of the world's best-know benchmarks. On the 30th anniversary of the SMI, we look back on a piece of Swiss economic history - together with investors, banks and companies, which are part of the SMI: