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XSMI

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1d
1w
1m

Analysis and statistics

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About

XSMI.XETRA represents a financial product linked to the SMI® (Swiss Market Index), traded on the XETRA exchange. It's typically an Exchange Traded Fund (ETF) or a similar investment vehicle designed to track the performance of the SMI, which is a blue-chip index consisting of the 20 largest and most liquid stocks traded on the SIX Swiss Exchange. Investors use XSMI.XETRA to gain broad exposure to the Swiss stock market without directly purchasing individual stocks. Returns closely mirror the SMI's performance, less any management fees and tracking errors associated with the specific product.
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Factors

Underlying Index Performance: XSMI.XETRA ETF's price mirrors the Swiss Market Index (SMI). SMI component stocks' performance directly impacts the ETF's NAV.

Supply and Demand: High demand for the ETF pushes the price up, while increased selling pressure can lower the price.

Expense Ratio and Tracking Error: Higher expenses or significant deviations from the SMI's performance can make the ETF less attractive.

Market Sentiment: Overall investor confidence in the Swiss stock market affects ETF demand and price.

Currency Fluctuations: Changes in the CHF/EUR exchange rate can influence the ETF's price for Euro-based investors.

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