About the SMI

The blue chip index SMI® is the most important stock index in Switzerland and comprises the 20 largest stocks from the SPI. The SMI covers approximately 80% of the total capitalisation of the Swiss equity market. It is free-float-adjusted, which means that only the tradable portion of the shares is taken into account in the index. The weights of the index components are capped so that no component exceeds a weight of 20%. This makes the SMI fully compliant with the ESMA UCITS guidelines and it can be used as a reference index for the Swiss equity market in the European Union.

It is published as a price index and, under the designation SMIC (SMI dividend-adjusted), as a performance index. Because the SMI represents the Swiss equity market, it is used as an underlying index for many financial products such as options, futures, structured products and exchange traded funds.

On 30 June 1988, the SMI was standardised at 1'500 points. Its composition is reviewed once a year. Calculation takes place in real time, i.e. each new transaction involving a stock included in the SMI causes the index to be recalculated.

Launched on 30 Jun 1988
History available since 29 Jan 1988

Key Product Information

  • Swiss Market Index SMI® Total Return

    The Swiss Market Index SMI® Total Return measures the development of the Swiss Blue Chip equity market. The 20 largest and most liquid equity instruments traded at SIX are selected as components.

    Open document
  • Swiss Market Index SMI® Price

    The Swiss Market Index SMI® Price measures the development of the Swiss Blue Chip equity market. The 20 largest and most liquid equity instruments traded at SIX are selected as components. The index composition is fixed to 20 shares which are weighted by their free float market capitalisation and a capping is applied at 18% for single components.

    Open document
  • Methodology Rulebook Governing Equity and Real Estate Indices

    This document is an integral part of the Swiss Index Rules.

    Open document

Daily Performance

 

Historical Index Data

How You Will Benefit

  • Any Questions? We Are Happy to Help!
    • +41 58 399 2600
    Get in Touch

® SIX, SIX Index AG, SMI Indices, SMI, SMI Swiss Market Index, Swiss Market Index (SMI), SMIM, SMI MID (SMIM), SMI Expanded, SPI, Swiss Performance Index (SPI), SPI EXTRA, SPI ex SLI, SPI Select Dividend 20 Index, SPI 20, SPI Multi Premia Index, SPI Single Premia Indices, SPI Value Premium, SPI Size Premium, SPI Momentum Premium, SPI Low Risk Premium, SPI Quality Premium, SPI Residual Momentum Premium, SPI Reversal Premium, SLI, SLI Swiss Leader Index, SXI, SXI Real Estate, SXI Swiss Real Estate, SXI Life Sciences, SXI Bio+Medtech, SXI Switzerland Sustainability 25, SBI, SBI Swiss Bond Index, SAR, SAR SWISS AVERAGE RATE, SARON, SCR, SCR SWISS CURRENT RATE, SCRON, SAION, SCION, VSMI are registered/filed trademarks of SIX Index AG and their use must be licensed.