Leonteq launches smart beta Swiss equity ETP on SIX

Nov 30th, 2022 | By | Category: Equities

Leonteq Securities has launched a new ETP in Switzerland providing modified equal-weight exposure to the Swiss equity market.

Leonteq launches smart beta Swiss equity ETP on SIX

The ETP provides smart beta exposure to the Swiss equity market.

The Exchange Traded Product on FuW Swiss 50 Index (FUW50 SW) has been listed on SIX Swiss Exchange in Swiss francs.

The ETP uses direct physical replication to track the FuW Swiss 50 Index which consists of the 50 largest companies that are domiciled and listed in Switzerland.

Constituents are initially equally weighted. The weights of the 25 companies with the largest float-adjusted market capitalizations are then doubled before all weights are normalized so as to sum up to 100%.

The index is reconstituted and rebalanced on a semi-annual basis.

The ETP comes with a management fee of 0.72%.

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