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 experi- enced 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 dedi- cated editorial offices in London, New York and Hong Kong.
“Finanz und Wirtschaft” is launching the FuW Swiss 50 Index, the representative reference index for the Swiss equity market, which will be tracked by the fourth investment product to be offered by the fi- nancial publication. The three actively managed portfolios (Risk, Value and Eco) have thus been joined by a rules-based index.
The FuW Swiss 50 Index comprises the fifty largest Swiss companies on the stock market, the shares being selected and weighted in ac- cordance with consistent rules. A concept developed by the editorial team at “Finanz und Wirtschaft”, the index is a well-diversified and representative reflection of the Swiss equity market.
The shares are weighted evenly in two segments so that the three heavyweights – Nestlé, Novartis and Roche – are not lumped together. Of the fifty stocks, the largest 25 are each given a weighting of 2.667%, which means that the first half of the companies account for two thirds of the index. The smaller 25 stocks are weighted at half that le- vel, 1.333%, thus making up one third of the index.
The weighting changes as the share prices move up and down, so it is reset to the original value twice a year. This rebalancing takes place on the first Wednesday in May and in November Index provider Solactive in Frankfurt has been commissioned to calculate the index and perform the rebalancing in line with the concept created by “Finanz und Wirtschaft”. The initial value of the index is fixed retroactively at 1000 on 2 May 2012.
Leonteq is now giving investors the opportunity to bring the FuW Swiss 50 Index into their portfolio easily, transparently and at little cost with the purchase of the investment product traded on the SIX Swiss Exchange – and from an investment of as little as 25 Swiss francs. The net dividends will be reinvested in the investment product.
| Issuer | Leonteq Securities AG, Zurich |
| Product category | Exchange Traded Product (ETP) |
| Collateral custodian | SIX SIS AG |
| Collateral agent | SIX Repo AG |
| Underlying | FuW Swiss 50 Index |
| Currency | CHF |
| Rebalancing dates | First Wednesday in May resp. November |
| Maturity | Open end |
| Management fee | 0.72% p.a. |
| Dividen treatment | Net dividends are reinvested |
| Listing | SIX Swiss Exchange AG |
| Minimum Investment | 1 Product |
| Valor/SIX symbol | 117179182/FUW50 |