After a strong second quarter 2020, the Swiss stock market was somewhat calmer in the third quarter 2020. In the first nine months, however, the number of transactions already exceeded the number of the entire previous year by 22.10%. This is shown in the latest edition of the ETF Market Report.

ETFs on the Swiss Stock Exchange: the market has calmed down
The calming of the market is reflected in the figures: although the number of transactions increased by 32.80% compared to the same quarter of the previous year, the turnover achieved was 49.47% lower.

The supply of ETFs accelerated slightly in the third quarter with a plus of 66 units. The focus was on equity ETFs, especially thematic offerings and those with a focus on sustainability.

High demand for commodity ETFs remained
Commodity ETFs remain high in price. Compared to the second quarter, trading volumes decreased in all asset classes except commodities and others in the period July to September. Among commodities, the precious metals gold and silver were at the top of the list.

In terms of turnover, equity ETFs continued to rank first, followed by commodity ETFs. Bond ETFs were placed third, due to the ongoing low interest rate environment.

The list of the 20 most-traded ETFs was dominated by ETFs based on the precious metals of gold and silver, as well as equity ETFs based on market indicators in the industrialized nations. In the third quarter, the list of the most-traded ETFs was headed by ETFs based on European market indicators. The highest turnover was recorded by the UBS ETF MSCI EMU (EMUAA), followed by EMUUSD, also from UBS, based on the MSCI EMU ETF hedged in USD. Third place was taken by the ZGLDUS ETF from ZKB, which is based on gold.

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