Leonteq launched its first exchange traded product (ETP) on SIX Swiss Exchange (ETP segment) under the label ETP+ together with Tamedia Finanz und Wirtschaft AG. The ETP is linked to the newly created FuW Swiss 50 Index NTR (Bloomberg: FUW50N Index).
The FuW Swiss 50 Index NTR was created to offer greater representation of the Swiss equity market – with the inclusion of the top 50 tradable Swiss companies – as compared to the Swiss Market Index. The largest 25 companies are weighted twice, the remaining 25 are weighted once. Net dividends are automatically reinvested in the index.
Further information regarding the FuW Swiss 50 Index NTR: index description (German only)
Leonteq adopted a novel strategy when it comes to collateralizing its first ETP. Leonteq has partnered with the SIX Group to utilize an existing collateralization setup that has been in operation since 2012. Under this system, collateral is held at SIX SIS AG with collateral checks taking place daily by SIX Repo AG, acting as collateral agent, to ensure ETP liabilities are fully covered. Both, SIX SIS AG and SIX Repo AG are Swiss-based and as SIX Swiss Exchange belong to the SIX Group.
The label ETP+ from Leonteq is an authentic "made in Switzerland" product. The ETP is an alternative investment product for accessing the Swiss equity market, and all functions relating to collateral management, which are crucial to the protection of Swiss investors, are performed in Switzerland.
We look forward to answering all of your questions about our products and how they are traded. Please don't hesitate to get in touch! Phone: 058 800 11 11, email info@leonteq.com or contact us here.