SMI MID
The SMI MID (SMIM) is a stock index which lists Switzerland's mid-cap companies. The index is calculated by SIX Swiss Exchange.[1]
| Foundation | 15 November 2004 (history from 3 January 1996) |
|---|---|
| Operator | SIX Swiss Exchange |
| Exchanges | SIX Swiss Exchange |
| Trading symbol | SMIM |
| Constituents | 30 |
| Type | Mid-cap, price index |
| Market cap | CHF 245 billion (full, end 2017)[1] |
| Weighting method | Market-value-weighted, free-float-adjusted |
| Related indices | SMI, SMI Expanded, SPI 20 |
| Website | official website |
| ISIN | CH0019399838 |
It includes the 30 Prime Standard shares from sectors that rank immediately below the companies included in the Swiss Market Index. The company size is based on terms of order book volume and market capitalization.[1]
The SMI MID was introduced on 15 November 2004, computed back to 3 January 1996 with a baseline value of 1000 points as of 31 December 1999.[1] Its composition is examined once a year. Calculation takes place in real-time: as soon as a new transaction occurs in a security contained in the SMI MID, an updated index level is calculated and displayed.
In 2020, the SMI MID, 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.[2]
Constituents
September 20th, 2021
The following 30 stocks make up the SMI MID index as of September 20, 2021.[3][4] All components are mid-caps, except Sonova, which is a large cap.[4]
| Company | Sector | Canton | Ticker symbol |
|---|---|---|---|
| Adecco | services | Zurich | ADEN |
| ams | semiconductors | (Austria) | AMS |
| Bachem | Chemicals, biotechnology, pharmaceuticals | Bubendorf BL | BANB |
| Bâloise | Life insurance | Basel | BALN |
| Barry Callebaut | food product | Zurich | BARN |
| Belimo | hvac | Zurich | BEAN |
| Clariant | specialty chemicals | Basel-Country | CLN |
| Dufry | Duty-free shop | Basel | DUFN |
| Ems-Chemie | specialty chemicals | Graubünden | EMSN |
| Flughafen Zürich | airports | Zurich | FHZN |
| Galenica | chemistry, pharmacy | Bern | GALE |
| Georg Fischer | machine building | Schaffhausen | FI-N |
| Helvetia Insurance | full line insurance | St. Gallen | HELN |
| Julius Bär | banks | Zurich | BAER |
| Kuehne + Nagel | logistics | Schwyz | KNIN |
| Lindt & Sprüngli | food product | Zurich | LISN / LISP |
| PSP Swiss Property | real estate | Zug | PSPN |
| Roche (bearer share) | healthcare | Basel | RO |
| Schindler Group | machine building | Lucerne | SCHN / SCHP |
| SGS SA | services | Geneva | SGSN |
| SIG Combibloc Group | supplies | (Luxembourg) | SIGN |
| Straumann | pharmaceuticals | Basel | STMN |
| Swatch | watches | Bern | UHR |
| Swiss Prime Site | real estate | Soloturn | SPSN |
| Tecan | life sciences | Zurich | TECN |
| Temenos Group | software | Geneva | TEMN |
| VAT Group AG | vacuum engineering | St.Gallen | VACN |
| Zur Rose | e-commerce pharmacy | Thurgau | ROSE |
Recent adjustments
In the week beginning on Monday, 19th September 2022, SGS (formerly in the SMI), Belimo and the Roche bearer shares will enter SMIM. They will replace Sonova (hearing aids), Cembra (credit cards and consumer credits) and BB Biotech (biotechnology investment company).[5]
On March 31, 2022 the biochemical company Bachem was added to the index, replacing Vifor Pharma , because after sell of Vifor Pharma to the Australian CSL the free float dropped to 1.6% which is below the minimum of 20% required by SIX for index members.[6]
On September 18, 2020, four components were replaced.[7]
On October 16, 2020, Tecan was added to the index after the takeover of Sunrise Communications Group AG.[8]
See also
References
- ^ a b c d "SMI Family – Factsheet" (PDF). SIX Swiss Exchange. Retrieved 17 April 2019.
- ^ "Swiss Indices Endorsed Under the EU Benchmarks Regulation". SIX Swiss Exchange. Retrieved 12 April 2020.
- ^ "SMI MID (SMIM)". SIX Swiss Exchange. Retrieved 2020-06-29.
- ^ a b "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 10 October 2019.
- ^ "Morning Briefing - Markt Schweiz". Cash (Swiss finance magazine). 2022-09-16. Retrieved 2022-09-16.
- ^ "SIX: VAT ersetzen Vifor Pharma im SLI - Bachem neu im SMIM". Cash (Swiss finance magazine). 2022-03-23. Retrieved 2022-11-27.
- ^ "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 2020-09-03.
- ^ "Extraordinary index adjustments in conjunction with the takeover of Sunrise Communications Group AG" (PDF). SIX Swiss Exchange. Retrieved 2021-03-27.
External links
- Official website