SMI Risk Control, Leveraged, Dividend Points Indices

SMI Risk Control, Leveraged, Dividend Points Indices

About the SMI Risk Control, Leveraged, Dividend Points Indices

SIX offers various advanced Strategy Indices including SMI Risk Control, Leveraged and Dividend Points Indices. These Strategy Indices can be used to control risk (SMI Risk Control Indices), to apply leverage or short leverage (Leveraged Indices), and to understand and manage dividend risk (Dividend Points Indices).

SMI Risk Control, Leveraged, Dividend Points Indices Licensing

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Discover the SMI Risk Control, Leveraged, Dividend Points Indices

The Swiss Market Index (SMI) Risk Control Indices apply a target volatility concept to the SMI Total Return (TR) Index. While the risk profile of the SMI (TR) is the uncontrolled outcome of the existing market capitalization weighted index concept, the Risk Control Index controls risk by aiming for a target volatility of 5%, 10%, 15% and 20%. In order to control risk, the index shifts between a risk free money market investment (measured via SARON) and a risky part (measured by the SMI (TR) Index)

  • The SMI Risk Control Indices are calculated every second. They have no index review as they have no components
  • The indices were launched on June 1, 2012, with a base date of May 16, 2000. At that time, they were standardized at a base value of 1,000 points
  • These indices are available as Gross Return and Excess Return calculation types

The Leveraged Indices reflect the daily returns of the underlying indices with added leverage. With underlying indices of either equities or bonds, the following types of indices are calculated: Leverage (leverage +2), Short (leverage -1) and Short Leverage (leverage -2).

  • The Leveraged Indices are calculated in real-time tick-by-tick. They have no index review as they have no components
  • The indices were launched on September 7, 2009, with a base date of December 30, 1999. At that time, they were standardized at different base values depending on the index

The Dividend Points Indices are a measure of regular cash distributions of constituents of an underlying parent index such as the Swiss Market Index (SMI), the SMI Mid Index and the Swiss Leader Index (SLI). The total performance of an equity index can be separated into the performance of the constituents’ equity price movements and the performance of cash distributions received from those equities.

These indices are therefore additional indices to the well-established market indicators SMI, SMIM and SLI. Futures on the SMI Dividend Points (FSMD) are traded via Eurex. 

  • Computationally, the dividend payments for the SMI, SMIM and SLI are converted into index dividend points and published daily after the close of trading
  • The Dividend Point Indices are calculated end-of-day. They have no index review as they have no components
  • The indices were launched on May 4, 2009 with a base date of December 22, 2008. At that time, they were standardized at a base value of 0 points

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.

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Additional Information

The use of SMI Risk Control, Leveraged, Dividend Points Indices and their registered trademarks as well as the access to restricted index data are governed by a licensing agreement. To request for an index data license, please get in touch with us.

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  • 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.