In the 2nd quarter of 2023, trading turnover in ETFs on SIX Swiss Exchange amounted to CHF 13.35 billion. It was thus down 13.68% on that of the first quarter and down by 49.54% compared to the same quarter of the previous year. Compared to the previous quarter, the number of trades fell by 5.25%. The positive development of the equity markets was only partially reflected in the ETF market, despite a generally strong upward trend.
These and more detailed statistics are available in the latest edition of the ETF Market Report.
Over 1,684 ETFs: Wide Range for Investors
The number of ETFs listed on SIX Swiss Exchange increased by 38 in the 2nd quarter to a total of 1,684 as of 30 June 2023. The main focus of the new listings still related to sustainability.
The ranking of the most traded ETFs was newly headed by the VanEck ETF DAPP on crypto and blockchain innovators in the 2nd quarter. Second place went to the blockchain ETF BKCH from Global X with an increase of 35.14%. In third place was WBLK from WisdomTree, which also focuses on blockchain. All three ETFs benefited from a revival of interest in crypto assets, especially Bitcoin, driven by hopes of an imminent launch for the first physically backed Bitcoin ETF in the US.
Interview: Industry Outlook
In addition to detailed statistics on the ETF segment of SIX Swiss Exchange, the latest market report also includes an interview with Olivier Paquier, Global Head of ETF Sales, AXA Investment Managers. He talks about how the ETF trading landscape has evolved over the past years, what issues are currently shaping developments in the ETF sector and where he sees the ETF market in Switzerland in the near future.
Quote on Demand
Quote on Demand (QOD) offers institutional investors the opportunity to execute orders in a bidding process directly with the most important registered liquidity providers in Europe. Since its launch in December 2020, monthly turnover has risen continuously. The upward trend continued into the current quarter and reached CHF 519million in June, the highest monthly turnover to date. The number of trades in the last month of the second quarter came to 2,421, the third-highest figure registered to date.