Switzerland’s main investment bourse, the SIX Swiss Exchange, has welcomed European commercial bank UniCredit as a new issuer of exchange-traded funds (ETFs) as it continues to drive forward the internationalisation of its ETF segment.
UniCredit is adding to the successful ETF market making in an asset class which is difficult to replicate.
UniCredit is entering the Swiss ETF market with the issue of two ETFs with SIX Swiss Exchange, for which it is also acting as market maker. This increases the number of ETF issuers on SIX Swiss Exchange to 22, with the product range on offer now reaching a record high of 1,240.
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The two newly listed ETFs are UC Thomson Rts. Bal. European Convertible Bond UCITS and Thomson Rts. Bal. European Convertible Bond UCITS. Both offer investors an extension to the diversification of their portfolios, while offering the advantages of on-exchange trading for what was previously a heavily OTC-traded asset class.
UniCredit, which recently launched a €200 million investment venture with Anthemis Group, is a European commercial bank with a dominant market position in several European countries and a growing presence in the fast-growing markets of Central and Eastern Europe.
With the launch of the two ETFs by its subsidiary Structured Invest S.A., which specialises in the launching of investment funds, UniCredit is adding to the successful ETF market making in an asset class which is traditionally difficult to replicate.