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Launch of seven certificates on SPI Single Premia Indices®

13.02.2017

Launch of seven certificates on SPI Single Premia Indices®

The emission of seven Open-End Tracker certificates by Zürcher Kantonalbank at the SIX Swiss Exchange now also allows investments in single-factor indices.

In September 2016 Finreon and the Swiss stock exchange launched a new index family for factor-based investment, entitled SPI Multi Premia®. This index family enables investors to participate in market developments in seven historically established sources of return, called factors. In respect of the SPI Multi Premia® family the factors value, size, momentum, residual momentum, reversal, low risk and quality are taken into consideration. While the multi-factor index, SPI Multi Premia® Index, combines all seven factors, the SPI Single Premia Indices® each replicate one of them. The official SPI Single Premia Indices® of the Swiss Stock Exchange (SIX) each comprise 30 stocks with characteristics corresponding to the respective factor premiums. The securities are weighted according to their risk, so that all securities contribute equally to the risk (risk parity).

Open-End Tracker certificates for single-factor indices tradeable as of now

Since fall 2016 it is possible to trade the first fund on the SPI Multi Premia® Index at the Swiss stock exchange. Now, the product range on the SPI Multi Premia® Index family is expanding with seven Open-End Tracker Certificates issued by Zürcher Kantonalbank. The new Tracker Certificates admitted to trading at SIX Swiss Exchange replicate the performance of the SPI Single Premia Indices® and allow investors to make targeted investments in the seven single-factors.

Information to the certificates of Zürcher Kantonalbank on the SPI Single Premia Indices®:

  • SPI Value Premium® CHF (TR) ISIN: CH0344145187
  • SPI Size Premium® CHF (TR) ISIN: CH0344145161
  • SPI Momentum Premium® CHF (TR) ISIN: CH0344145179
  • SPI Residual Momentum Premium® CHF (TR) ISIN: CH0344145138
  • SPI Reversal Premium® CHF (TR) ISIN: CH0344145195
  • SPI Low Risk Premium® CHF (TR) ISIN: CH0344145153
  • SPI Quality Premium® CHF (TR) ISIN: CH0344145146

Within the certificates Finreon acts as methodology provider for the portfolio construction, while SIX Stock Exchange act as index-provider and Zürcher Kantonalbank as issuer and lead manager.

For further information, we can recommend the interview with Curdin Summermatter, head of structured products at ZKB, which is published in the magazine Payoff (only available in German): «Einfache und transparente Investitionsmöglichkeit in bewährte Renditequellen.»

 

For further information or questions, please do not hesitate to contact:

Adrien-Paul Lambillon, Business Development, Finreon AG (adrien-paul.lambillon@finreon.ch, +41 71 230 08 10)

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