The financial instruments mentioned in this document are derivative instruments. They do not qualify as units of a collective investment scheme pursuant to art. 7 et seqq. of the Swiss Federal Act on Collective Investment Schemes (CISA) and are therefore neither registered nor supervised by the Swiss Financial Market Supervisory Authority FINMA. Investors do not benefit from the specific investor protection provided under the CISA.
Founded in 1928, «Finanz und Wirtschaft» (FuW) is targeted at experienced private and professional investors who work in or with global financial markets. The largest business editorial team in Switzerland provides insightful background information on the global economy and events on both national and international stock markets daily for digital channels and twice weekly – on Wednesdays and Saturdays – in the newspaper edition. FuW analyses all businesses quoted in Switzerland as well as global companies of significance for investors. In addition to its headquarters in Zurich, the publisher also has dedicated editorial offices in London, New York and Hong Kong.
«Finanz und Wirtschaft» is launching the representative reference index for the Swiss equities Market: the FuW Swiss 50 Index. It is tracked by FuW's fourth investment product, so a rules-based index now follows three actively managed portfolios (the Risk, Value and Eco Portfolios).
The FuW Swiss 50 Index comprises the fifty largest Swiss companies on the stock exchange. Selection and weighting of the equities are based on consistent rules. The concept originates from the editorial team of «Finanz und Wirtschaft». The Index gives a well-diversified and representative picture of the Swiss equities market.
The equities are weighted in two balanced segments so that the three largest – Nestlé, Novartis and Roche – do not form clusters. Of the 50 securities, the 25 larger ones each have a weighting of 2.667%. The first half of the companies therefore accounts for two thirds of the Index. The smaller 25 securities are given half of this weighting (i.e. 1.333%), so they make up one third of the Index.
The weighting changes as equity prices move up and down, so it is reset to its original value twice per year. This rebalancing takes place on the first Wednesdays in May and November each year. Index calculation and rebalancing are carried out in Frankfurt by Solactive, the index provider, on behalf of «Finanz und Wirtschaft» and in accordance with FuW's concept. The initial value of the index is set retroactively at 1,000 as of 2 May 2012.
From now on, Leonteq is offering investors a simple, transparent and low-cost opportunity to add the FuW Swiss 50 Index to their custody accounts by purchasing the investment product traded on the SIX Swiss Exchange (ETP) – with an investment amount of as little as Fr. 25. Net dividends are reinvested in the investment product.
| Issuer | Leonteq Securities AG, Zurich |
| Investment product | Exchange Traded Product (ETP) |
| Underlying | FuW Swiss 50 Index |
| Index sponsor | Solactive AG |
| Currency | Fr. |
| Initial fixing date | 14.10.2022 |
| First exchange trading date | 28.11.2022 |
| Maturity | Open End |
| Management fee | 0.72% p.a. |
| Listing | SIX Swiss Exchange AG |
| Price at initial fixing | Fr. 23.4649 |
| Valor/SIX symbol | 117179182/FUW50 |