SIX Swiss Exchange, in its ETF Quarterly Statistics for Q3, reports an ETF trading turnover of CHF 19.2bn, an increase of CHF 1.5 bn over the previous quarter. Since the start of the year, ETF turnover has amounted to more than CHF 57.8 bn.
August saw the second highest monthly turnover of the year to date, of more than CHF 7.4 bn. The number of transactions in ETFs reached a total of 595,598 (ytd). The average trade size increased by 1% over the previous quarter to CHF 97,113.
SIX Swiss Exchange saw 86 new ETFs listed from July to September 2012. A novelty were the ETFs on MSCI Socially Responsible Indices and Swiss Pfandbriefe launched by UBS ETF for the first time.
Overall, the exchange has 880 products in the ETF segment as of 30 September 2012, including 135 in additional trading currencies.
New arrivals at SIX Swiss Exchange in Q3 were ETF Securities and Source, while the number of market makers also increased, with the addition of Nomura International and JP Morgan Securities. In total, the exchange offers ETFs from 18 different providers, with 22 official market makers providing liquidity.
Equity developed markets ETFs achieved a turnover of CHF 7,723m in the third quarter of 2012, or 40% of the total turnover. This means that the asset class commodities and precious metals with a turnover of CHF 6,212m – equating to 32% of the total turnover of the ETF segment – moved back into second place compared to the second quarter of 2012.
CS ETF (CH) on SMI has now held its position as the ETF with the highest turnover for a year. It ended the third quarter of 2012 with a turnover of CHF 1,272m. Second place for the same period (held by iShares S&P 500 in the previous quarter) went to ZKB Gold ETF, with a turnover of CHF 788m. It has also been among the top ten ETFs traded on the Swiss exchange for more than a year.
CS ETF was once again the biggest provider by turnover in the third quarter with 22%, now followed by UBS with 19% and iShares with an 18% share.