SMI vs SPI

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  • BenutzernameMoneyland User Questions
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Which index offers a more complete view of the Swiss market: SMI or SPI?

 
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  • BenutzernameMoneyguru von moneyland.ch
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  • Registriert seit8/4/15
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Hi there,

The Swiss Market Index SMI is considered to be Switzerland's leading index. This blue chip index tracks the performance of 20 major Swiss stocks including ABB, Actelion, Nestle, Novartis and Roche.

However, the SMI is limited by the fact that it only includes a handful of companies, and therefore is not a comprehensive inidicator of economic conditions.

The Swiss Performance Index (SPI), on the other hand, tracks almost all exchange-listed Swiss companies. This index provides a broader overview of economic conditions, but major companies like Nestle, Novartis and Roche still account for almost half of the performance tracked by the SPI. This limits its usefulness as a comprehensive indicator of the Swiss economy.

The Swiss Leader Index (SLI), adminsitrated by the SIX Swiss Exchange, includes the 30 largest stocks tracked by the SPI, but limits the weight of the 4 largest titles to 9%. That makes this index a good alternative for investors who want to track the combined performance of all companies listed on the SIX Swiss Exchange.

Best regards from Moneyguru

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