The Swiss ETF market developed positively in the past quarter and achieved an increase in turnover, as the latest edition of our ETF Market Report shows. Trading turnover in the third quarter reached CHF 40.5 billion. With CHF 28.9 bn, turnover in the asset class Equity Developed Markets alone was higher than the total turnover of the ETF segment in Q2 (CHF 24.7 bn). With a total of 272'322, the number of transactions in Q3 was also higher than in the previous quarter (257'707).
Most traded products and providers with the highest turnover
In the third quarter, the list of the top 20 most-traded ETFs was still dominated by ETFs based on broadly diversified market indicators. Between July and September 2019, three UBS ETFs — ACWIU, ACWIS and ACWIE — once again recorded the highest turnover based on the MSCI ACWI and hedged in USD, CHF and EUR respectively. 18 of the 20 most-traded ETFs boosted their turnover against the previous quarter.
UBS extended its lead in the turnover ranking by ETF Issuer, boosting its share from 43.18% to 62.97%. This primarily came at the expense of the second- and third-placed iShares and Lyxor, which recorded market share losses of 9.67% and 7.44% respectively compared to the previous quarter.
Increasing choice of products
Momentum in new listings slowed somewhat in the Q3, with the number of ETFs increasing by 28. The majority of new entrants focus on the topic of sustainability. This was already a dominant investment trend among the new ETFs listed on the Swiss Stock Exchange in the first two quarters of 2019. Along with the 43 and 83 products that were listed in the first and second quarter, the choice for investors on the Swiss Stock Exchange has risen by 154 ETFs since the beginning of the year. As a result, as of 30 September investors enjoyed a choice 1'552 ETFs from 25 issuers. The latest information on market data, turnover and new listings can be found on our website.
With over 1'500 ETFs, SIX Ranks among Top 3 ETF Venues in Europe
SIX celebrated an ETF record on 2 May 2019. Since it launched the segment in 2000, SIX has experienced remarkable growth in ETF listings. The Swiss stock exchange’s extensive product range, offered by a unique mix of large and smaller providers from both Switzerland and abroad, covers a wide spectrum of investment needs.