Embark on a journey of knowledge! Take the quiz and earn valuable credits.
Challenge yourself and boost your learning! Start the quiz now to earn credits.
Unlock your potential! Begin the quiz, answer questions, and accumulate credits along the way.
What is Swiss Market Index mean?
The Swiss Market Index (SMI) is Switzerland's blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index (SPI) stocks. As a price index, the SMI is not adjusted for dividends.
The SMI was introduced on June 30, 1988 at a baseline value of 1,500 points. It closed above the symbolic level of 10,000 points for the first time on July 2, 2019. It is currently in a bull market, which it entered on May 25, 2021 after breaking its previous record. This ended the bear market that had started on March 12, 2020. It reached the 12,000 point milestone on June 17, 2021.
Its composition is examined once a year. Currently, it contains 19 large-caps and one mid-cap. Calculation takes place in real-time. As soon as a new transaction occurs in a security contained in the SMI, an updated index level is calculated and displayed. However, the index is updated no more than once per second. The SMI is calculated in Swiss Francs, the currency of the Swiss Confederation.
The securities contained in the SMI currently represent approximately 70% of the free-float Swiss equity market capitalization, as well as 85% to 90% of the total trading turnover of Swiss and Liechtenstein equities listed on the SIX Swiss Exchange. Because the SMI is considered to be a mirror of the overall Swiss stock market, it is used as the benchmark for numerous mutual funds, index funds and ETFs, and as the underlying index for numerous derivative financial instruments such as options, futures and structured products.
In 2020, the SMI, along with other SIX indices, was endorsed under the EU Benchmarks Regulation and is registered with the European Securities and Markets Authority, which means that it can be used as an underlying for financial products sold in the EU.
referenceFull Form | Category |
---|---|
Society for Mucosal Immunology | Academic & Science |
Society of Mucosal Immunology | Academic & Science |
Samos | Airport Code |
Schott Musik International | Business |
Saturday Music, Inc. | Business |
Supplier Management Inventory | Business |
Snow Machines Inc | Business |
Specialty Measurements Inc | Business |
Strategic Marketing Innovations | Business |
Shelter Management Inc | Business |
Systems and Methods Inc | Business |
Supplementary Medical Insurance | Business |
Swiss Market Index | Business |
Springs Industries, Inc. | Business |
Specialty Measurements, Incorporated | Business |
Storage Management Initiative | Business Management |
School Meal Initiative | Community |
Salesian Missions, Inc. | Community |
Summer Music Insitute | Community |
Social Media Information | Community |
Structure of Management Information | Computer and Networking |
System Management Interrupt | Computer Assembly Language |
State Manager Interface | Computing |
Structure of Managed Information | Computing |
Synchronized Multimedia Integration | Computing |
Systems and Materials for Information Storage | Computing |
Shared Multidimensional Information | Computing |
Sequelink Middleware Interface | Computing |
Storage Management Interface | Computing |
Special Message Identifier | Computing |
State Management Interface | Computing |
Standard Multilayer Image | Computing |
Site Map Index | Computing |
Smart Install | Computing |
Server Management Interface | Computing |
Social Media Index | Computing |
Software Mature Indicator | Computing |
Support for Mortgage Interest | Country Specific |
SafeMoon Inu | Cryptocurrency |
Sailor Moon Insanity | File Type |
Some Main Ingredient | General |
Stochastic Modeling Interface | General |
Stock Market Indicator | General |
S Maskable Interrupt | General |
Social Media Intelligence | General |
Suzuki Maruti India | General |
Sarawak Motor Industries | General |
Samsung Motors Inc. | General |
Mechanical Contractor (Best in the USA) | General |
Shape Modeling International | General |
Scholastic Math Inventory | General |
Sistemi Meccanici Industriali | General |
Services Maintenance Interventions | General |
Singapore Malaysia and Indonesia | General |
Standard Motor Interface | General |
Scientology Missions International | General |
Sales Managers Index | General |
Standard Media Index | General |
Strategic Marketplace Initiative | General |
Solid Modest And Integrated | General |
Servicio Medico Integral | General |
Service Mesh Interface | General |
Summer Manufacturing Institute | General |
Structured Materials Industries | General |
Self Mounting Image | General |
System Modeling Interface | General |
Seriously Mentally Impaired | Governmental |
Severe Mental Illness | Governmental |
Singular Medicare Index | Governmental |
Small and Medium Industries | Governmental |
Serious Mental Illness | Governmental |
School of Military Intelligence | Governmental |
Spring Manufacturers Institute | Governmental |
Stefan Meyer Institute | Governmental |
Sustainable Minerals Institute | Governmental |
Summer Medical Institute | Governmental |
SITAMARHI | Indian Railway Station |
Semiconductor Manufacturing International | International |
Specialty Marketing International | International |
Salario Mínimo Interprofesional | International |
Student Missionary Internship | Jobs |
St. Micheal Ipoh | Medical |
Seriously Mentally Ill | Medical |
Stand for Mental Illness | Medical |
Sonitus Medical Inc. | Medical |
Serious Mental Iillness | Medical |
Silent Myocardial Infarction | Medical |
Silent Myocardial Ischaemia | Medical |
Spanish medical Interpreter | Medical |
Sperm Motility Index | Medical |
Sensory Motor Integration | Medical |
Service Motivation and Integrity | Military and Defence |
Soldier-machine Interface | Military and Defence |
Security Management Infrastructure | Military and Defence |
Samos, Greece | Regional |
Sami Languages | Regional |
Sports Medicine Institute | Sports |
Stud Middle Infield | Sports |
Sports Management International | Sports |
Posted on 05 Nov 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
Turn Your Knowledge into Earnings.
Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.
Write Your Comments or Explanations to Help Others