Swiss Market Index (SMI)

Swiss Market Index (SMI)

The Index for Switzerland’s Blue-Chip Equity Market

About the SMI

For more than 30 years, clients from around the world have relied on the SMI as underlying for their index funds, mandates, ETFs, structured products, index derivatives and more. The blue-chip index SMI is the most important equity index in Switzerland and comprises the 20 largest and most liquid equities from the SPI. The SMI covers approximately 75% of the market capitalization of the Swiss equity market and is a strong indicator of Swiss economic success.

The index components are selected based on their free-float adjusted market capitalization and based on their turnover. A capping of the weights (quarterly to 18% in each case and ad-hoc if the limits are breached) ensures that no two components exceed a weighting of 20%. This makes the SMI fully compliant with the ESMA UCITS guidelines and it can be used as a benchmark index for the Swiss equity market in the European Union.

The composition of the SMI is reviewed once a year in September. Its calculation takes place in real-time tick-by-tick, i.e. each new transaction involving a stock included in the SMI causes the index to be recalculated.

The SMI was standardized at 1,500 points on June 30, 1988.

How You Will Benefit

Performance

 
 

Factsheets

Explore our factsheets to gain in-depth insights into our indices at SIX. Find detailed descriptions, key figures, the methodology and much more. Statistical factsheets are available on the SIX Index Data Center.

Interested in Seeing the Full Picture?

For current and historic index compositions, selection lists, index preview and review information as well as historical index values, please visit the SIX Index Data Center.

Additional Information

The use of the SMI and its registered trademark as well as the access to restrictive index data are governed by a licensing agreement. To request for an index data license, please get in touch with us.

Learn More

30 Years of Blue-Chip Swiss Equities

Since 1988, SMI has served as the leading indicator of the Swiss stock market and the Swiss economy as a whole. Read about the history of SMI, and discover how successful Swiss companies have made the SMI one of the most well-known benchmarks in the world. 

Celebrating 30 Years of Success

To celebrate the 30th anniversary of the SMI, we asked SMI companies and issuers of index-based products for their views. Take a few minutes to watch the resulting video, look back on a vital piece of Swiss economic history and get a taste of how the SMI has grown in strength.

  • Index Business Support

    Contact the Index Business Support Team to discuss how you can use the Swiss Indices to support your investment strategy or for any queries related to licensing or permissioning of index data.

    • +41 58 399 2600
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  • Index Technical Support

    Contact us for any technical questions related to Swiss Indices. We are happy to help you from 8:00 am to 6:30 pm CET on trading days.
     

    • +41 58 399 2229
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All SIX Indices and BME Indices are the intellectual property (including registered trademarks) of SIX or BME. SIX and BME provide no warranty of any kind and exclude all liability (whether in negligence or otherwise) with respect to their usage. The use of SIX Indices and BME Indices and their pending or registered trademarks (®) as well as access to restrictive index data is governed by a license agreement. Information on licensing and the format of the disclaimer can be found on the SIX and BME website.