SIX Swiss Exchange Welcomes New ETF Issuer
OREANDA-NEWS. SIX Swiss Exchange is pleased to welcome UniCredit as a new ETF issuer. UniCredit is also the market maker for the first two products admitted to trading of its subsidiary Structured Invest S.A. Both products replicate the Thomson Reuters Monthly Europe Focus Convertible Index and are available in the trading currency CHF - in the forms of distributing and reinvesting ETFs.
These ETFs offer an opportunity for diversified investments in large and highly liquid convertible bonds from European issuers. In addition to diversification criteria such as region, sector and minimum volumes the index offers a balanced profile, as only bonds with a high convexity are eligible to be part of the index. This particularity increases the attractiveness of the ETF especially for institutional investors."Investor interest in the distributing tranche of our ETF gave us the idea of adding an additional share class," says Dr Wolfgang H?hn, Managing Director of Structured Invest. "With increasing volumes in both share classes, the fund will also appear on the radars of bigger institutional investors seeking to benefit from its balanced composition."
Roland Lang, Head Institutional Equity Derivatives for Germany/Switzerland/Austria, adds: "With this additional tranche, we have proven our ability to react flexibly to the needs of our investors. We have created a liquid instrument in two design variants that make a pure OTC market simple and liquidly tradable."
Structured Invest S.A. was registered as a management company in accordance with Luxembourg law in 2006 and is a wholly owned subsidiary of UniCredit Bank AG, Munich. UniCredit is a European commercial bank with leading market positions in Italy, Germany, Austria and a strong presence in the fast-growing markets of Central and Eastern Europe.