Swiss & Global Asset Management is the first issuer and will offer 11 ETFs for trading on the exchange.
The exchange already offers services for passive ETFs.
Portfolio managers use active ETFs to actively optimize the composition of the fund on an ongoing basis by buying or selling selected equities or other securities.
Issuers must calculate the indicative net asset value (iNAV) on a regular basis and send this to SIX Swiss Exchange, and must also notify the exchange of the portfolio composition on a daily basis. Issuers must also publish the calculation method for the iNAV and, with a four-week delay, the complete portfolio composition on their own website.