SMI

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, Anglais

    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.

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    Swiss Market Index SMI® Price, Anglais

    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.

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    Methodology Rulebook Governing Equity and Real Estate Indices, Anglais

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

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Daily Performance

 

Historical Index Data

See All Available Documents

For index compositions, the equity index selection list and the historical SMI selection list, visit our closed user group site.

Go to Closed User Group

  • All Indices Calculated by SIX, Anglais

    SIX currently provides over 1500 indices and we are continuously expanding our offer.

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How You Will Benefit

Highly Liquid

Due to its high liquidity, Switzerland’s most important blue-chip index is easily tradable and replicable

Globally Used

Well-known and widely used both in Switzerland and globally as an underlying for ETFs, index funds, institutional portfolios, derivatives and structured products

Attractive for European Investors

EU BMR and UCITS compliant which makes the index ideal for financial products in the EU seeking Swiss equity exposure 

 

 

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