About SMI Decrement Indices

The SMI Decrement Indices replicate an investment in the SMI TR (Total Return) less a constant Decrement in the form of a fixed annualized percentage value or a fixed annualized index point value. The performance reduction is applied on a daily basis as per the actual/360 day count convention. The Decrement is often called "synthetic" dividend. To have comparable returns with the price return (i.e. SMI PR) of the underlying index (SMI TR), the Decrement needs to be roughly of the size of the realized dividend.

The base index, the SMI, is Switzerland’s most important stock index comprising the 20 largest stocks from the SPI and is fully compliant with ESMA UCITS guidelines.

Decrement indices are gaining high acceptance for their use as an underlying for structured products due to their coverage of the Swiss Blue Chip equity market and simplified applicability for financial instruments.

The SMI Dividend Decrement Indices are calculated and distributed once a day after closing.

Launched on 07 Jan 2022
History available since 30 Dec 2010

Key Product Information

  • SMI Decrement Indices

    The Alternative to the SMI for Issuers of Financial Products

    Open document
  • Methodology Rulebook Governing the SMI TR Decrement Indices

    SMI Dividend Decrement Indices replicate an investment in the SMI TR (Total Return) index less a constant Decrement in form of a fixed annualized Percentage Value or a fixed annualized Index Point Value.

    Open document

Daily Performance

 
ISIN Symbol Name Base Date Base Value
CH1151583031 SMID25

SMI TR Decrement 2.50%

30.12.2021 12'875.66
CH1151583056 SMID30 SMI TR Decrement 3.00% 30.12.2021 12'875.66
CH1151583049 SMID35 SMI TR Decrement 3.50% 30.12.2021 12'875.66
CH1151583064 SMID40 SMI TR Decrement 4.00% 30.12.2021 12'875.66
CH1151583072 SMID45 SMI TR Decrement 4.50% 30.12.2021 12'875.66
CH1151583080 SMID50 SMI TR Decrement 5.00% 30.12.2021 12'875.66
ISIN Symbol Name Base Date Base Value
CH1154162064 SMID320P

SMI TR Decrement 320 Points

30.12.2021 12'875.66
CH1154162072 SMID390P

SMI TR Decrement 390 Points

30.12.2021 12'875.66
CH1154162080 SMID450P

SMI TR Decrement 450Points

30.12.2021 12'875.66
CH1154162098 SMID520P

SMI TR Decrement 520 Points

30.12.2021 12'875.66
CH1154162106 SMID580P

SMI TR Decrement 580 Points

30.12.2021 12'875.66
CH1154162114 SMID640P

SMI TR Decrement 640 Points

30.12.2021 12'875.66
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