SIX Swiss’ ETF Turnover Rises in Q4, Listings Reach All-Time High

Buoyed by a strong November, SIX's ETF turnover in Q4 rose over a QoQ and YoY timeframe, securing 38 new

SIX Swiss Exchange, Switzerland’s principal stock exchange, notched an uptick in its exchange-traded-fund (ETF) turnover, closing out the 2016 year on a strong note and setting an all time high, according to its quarterly publication.

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During 2016, SIX’s ETF volume jumped to $102.8 billion (CHF 103.7 billion), good for a growth of $95.4 billion (CHF 96.3 billion) in 2015, or 7.7% higher YoY – this reading in 2016 was good for an all-time high at SIX, overtaking a previous high in 2011. Looking specifically at Q4 2016, the group saw an ETF turnover of $30.4 billion (CHF 30.6 billion).

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Over a QoQ basis, this figure justified a climb of 19.5% QoQ from $25.4 billion (CHF 25.6 billion) in Q3 2016 – this margin was even larger compared to 2015, with Q4 2016 securing a 54.5% ascension YoY from $19.6 billion (CHF 19.8 billion) in Q4 2015. One of the main factors that helped drive turnover in Q4 2016 was an influx of volatility.

In November, the US election and surprise outcome helped spark global markets and trading volumes to yearly highs. This was corroborated by a yearly high in November 2016 at SIX, which saw $11.6 billion (CHF 11.7 billion) in turnover.

Overall, ETF demand also has increased in Q4 2016, as illustrated by an uptick in the number of ETFs offered as well as transactions carried out on SIX. The exchange reached another peak high of 1,210 listed ETFs overall, adding 38 new listings in Q4 2016 alone. 2016 represented a growth of 8.3% YoY from 1,117 ETFs in 2015.

The entire ETF quarterly publication at SIX can be accessed in full by the following link.

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