Can you buy the SMI (Swiss Market Index)?

Jim2007

I sat in on a talk about Swiss ETFs this lunch time and one thing caught my eye that I thought I'd share with you for what it is worth.

The Swiss Market Index (SMI) it is made up of the top 20 Swiss multi nationals and includes well known names as: Roche, Nestle, Swatch, Swiss Re and ABB to mention a few of them. What is most interesting, is that almost from the start in has consistently out performed both the DAX and the STOXX 50, here is the fact sheet.

With the Swiss government working to push down the Franc and the fact that the index itself is of by about 50% since 2007. It might be a good candidate for the large caps allocation of your portfolio, if you can find a suitable ETF.

Just a thought for what it is worth,

Jim

gizmo555

You can spread bet on it anyway.

fando

Also futures, ETFs, CFDs.

With the Swiss government working to push down the Franc

They may not do too much if everyone thinks differently; franc just raised today 5%.

irishh_bob

Jim2007 wrote: »

I sat in on a talk about Swiss ETFs this lunch time and one thing caught my eye that I thought I'd share with you for what it is worth.

The Swiss Market Index (SMI) it is made up of the top 20 Swiss multi nationals and includes well known names as: Roche, Nestle, Swatch, Swiss Re and ABB to mention a few of them. What is most interesting, is that almost from the start in has consistently out performed both the DAX and the STOXX 50, here is the fact sheet.

With the Swiss government working to push down the Franc and the fact that the index itself is of by about 50% since 2007. It might be a good candidate for the large caps allocation of your portfolio, if you can find a suitable ETF.

Just a thought for what it is worth,

Jim

just thought id say thanks for that tip on richemont from another thread , had to make the trade by phone with TD waterhouse today but i got it at 38 , now at 40

The Marlboro Man

irishh_bob wrote: »

just thought id say thanks for that tip on richemont from another thread , had to make the trade by phone with TD waterhouse today but i got it at 38 , now at 40

I wasn't sure if the iphone app was available to Irish customers of TD Waterhouse. I might have to get an iphone now. It would have saved me thousands if i'd had one earlier..

Jim2007

fando wrote: »

Also futures, ETFs, CFDs.
They may not do too much if everyone thinks differently; franc just raised today 5%.

Seems like they are about to pump in another 40B: Last ditch defence of franc intensifies!

I know this is going to sound crazy to a lot of people on this forum, but many Swiss people, particularly business owners, are starting to wish they'd joined the Euro!!!

Jim.

Jim2007

irishh_bob wrote: »

had to make the trade by phone with TD waterhouse today but

These days I think a broker can get you almost anything on a European exchange, although they don't list it on their web site.

That was a good price and with a bit of luck there will be opportunities to add to it at even better prices over the next year or two! On bad news, people always forget the fundamentals and often through out the baby with the bath water! For me this one for the retirement fund

Jim.

fando

I know this is going to sound crazy to a lot of people on this forum, but many Swiss people, particularly business owners, are starting to wish they'd joined the Euro!!!

Yeah, they were doing too well and now have to pay for that.

alejandro1977

Arguable the purest way of buying the index is the future - FSMI. Very leveraged so not suitable for retail investors

http://www.prospreads.com/products.php

ETFs are similar and there are probably managed funds too

foxyboxer

You can go long on it with Deutsche Bank dbx tracker ETF.
Bloomberg code XSMI GY - SMI® (Switzerland)
or short it SMI® Short Daily ETF (Switzerland) XSVS GY

They also provide the SLI - or top 10 Swiss companies.

Seifer

Is the iShares MSCI Switzerland Index of the same ilk?
I've been googling a lot of the ones previously mentioned in the thread and not a lot is coming up. Can't find quotes for most of them on google finance.

foxyboxer

Seifer wrote: »

Is the iShares MSCI Switzerland Index of the same ilk?
I've been googling a lot of the ones previously mentioned in the thread and not a lot is coming up. Can't find quotes for most of them on google finance.

http://www.bloomberg.com/apps/quote?ticker=XSMI:GR

Seifer

What is the difference between XSMI:GY and XSMI:GR? One is up and the other is down.
As far as I can tell GY is on the Xetra exchange but I can't find where the GR is located.

foxyboxer

I think it may have to do with the underlying currency. XSMI GY is the bloomberg code and is held in EUR. Not sure about GR myself. Still researching.
But the price difference you see may be that it's held in CHF.

Full details here.
http://www.etf.db.com/DE/pdf/EN/overallfactsheet/overallfactsheet_retail.pdf