SWX Revamps Index Compositions

FRONT PAGE: EXCHANGE WATCH

The SWX Swiss Exchange last week launched the first new index product in a revamp of its family of indices. The product is aimed at making the Swiss stock market more appealing to investors.

Last Thursday, April 29, SWX launched SPI Extra, a version of SWX’s SPI (Swiss Performance Index), minus the largest companies listed on the SPI.

Until now, SWX has had two main indices: the SPI, which contains around 231 Swiss companies with a minimum of 20 percent liquid capital, and the 15-year-old SMI