SPI Extra

Last updated
SPI Extra
Foundation29 April 2004
Operator SIX Swiss Exchange
Exchanges SIX Swiss Exchange
Trading symbolSPIEX
Constituents196 (as of April 18, 2019)
TypeMid-cap and small-cap
Market cap CHF 408 billion (full, end 2017) [1]
Weighting method Market-value-weighted, free-float-adjusted
Related indices SMI, SPI, SPI 20
Website https://www.six-group.com/en/market-data/indices/equity-indices/spi-extra.html
ISIN CH0017810976 [2] [3]
Reuters .SPIEX
Bloomberg SPIEX:IND [4]

The SPI Extra is a stock index which tracks mid-cap and small-cap companies primarily listed in Switzerland. [5] The index is calculated by SIX Swiss Exchange. [1]

Contents

It includes all the shares from the Swiss Performance Index (SPI) that are not included in the Swiss Market Index (SMI). [1] [6] [7] It is therefore often used in investment portfolios such as exchange-traded funds (ETFs), as a small-cap and mid-cap benchmark that complements the SMI.

The SPI Extra was introduced on 29 April 2004, computed back to 3 January 1996 with a baseline value of 1000 points as of 31 December 1999. [1]

Constituents

The index contains all the companies that are in the Swiss Performance Index (SPI), but not among the 20 blue chips that are in the Swiss Market Index (SMI), or equivalently the SPI 20. [8]

While the SPI Extra overlaps with the SPI Mid+Small, it does not fully coincide because the SMI criteria are not only based on market capitalisation, but also on liquidity.

Tickers

The following are the tickers for the SPI Extra total return, which takes dividends into account. There is also a version of the SPI Extra as a price index. [1]

See also

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References

  1. 1 2 3 4 5 "SPI Family – Factsheet" (PDF). SIX Swiss Exchange. Retrieved 18 April 2019.
  2. 1 2 "SPI Extra aktuell". finanzen.ch. Retrieved 26 July 2019.
  3. 1 2 "Kurs SPI Extra TR". cash.ch. Retrieved 26 July 2019.
  4. "SPI EXTRA TO RET". Financial Times. Retrieved 26 July 2019.
  5. "SPI Extra Index Explained". Moneyland. Retrieved 26 July 2019.
  6. "Mehr Rendite auf dem Nebenschauplatz". NZZ. Retrieved 26 July 2019.
  7. "SPI minus SMI gleich SPI Extra". Finanz und Wirtschaft. Retrieved 26 July 2019.
  8. "SMI Indices" (PDF). SIX Swiss Exchange. Retrieved 18 April 2019.