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Swiss Leader Index

FieldValue
nameSwiss Leader Index
logo[[File: SIX Swiss Exchange logo.svgframelessupright=1.1Logo]]
foundation2 July 2007
operatorSIX Swiss Exchange
exchangesSIX Swiss Exchange
symbolSLI
constituents30
cap_levelLarge and mid-cap, price index
mcapCHF 590 billion (free-float and capped-market adjusted, end 2017)
weightingCapitalization-weighted, with 9/4.5 capping
relatedSMI, SMI MID, SMI Expanded, SPI
homepagesix-group.com
isinCH0030252883
reuters.SLI
bloombergSLI:IND

The Swiss Leader Index (SLI) is an index comprising large and mid-cap companies primarily listed on SIX Swiss Exchange. It is made up of 30 of the largest and most liquid Swiss Performance Index (SPI) large- and mid-cap stocks. As a price index, the SLI is not adjusted for dividends, but there exists a total-return version as well.

The SLI was introduced on July 2, 2007 and computed back to December 30, 1999, with a baseline value of 1,000 points on this starting date.

The capping model of the SLI makes it suitable as a benchmark for a broader range of products and markets than other indices offered by SIX Swiss Exchange, because it is compatible with regulatory requirements in the European Union as well as in the United States. With its 9/4.5 caps, the SLI is more diversified, and its risk/return profile is more tilted towards smaller capitalizations, than other indices such as the SMI and SPI.

In 2020, the SLI, along with other SIX indices, was endorsed under the EU Benchmarks Regulation and is registered in ESMA, which means that it can be used as an underlying for financial products sold in the EU.

Rules

Universe

The SLI comprises the 20 securities of the SMI, as well as the largest 10 securities in the SMI MID.

Capped weightings

The largest four components of the SLI are capped at 9%. All other components, if necessary, are capped at 4.5%. The caps are enforced with a multiplication factor that is updated every three months.

This was made to conform the SLI to the EU's UCITS 5/10/40 rule, which says that:

  • The value of any single position cannot be more than 10% of the fund's value, and
  • all positions that are larger than 5% of the fund's value cannot, together, make up more than 40% of the fund's value.

Current constituents

As of September 20, 2021, the following 30 stocks make up the SLI index. Components marked as 1 have a 9% weight as of September 18, 2020. Sizes are based on the SPI classification by market capitalization: L for SPI Large, M for SPI Mid.

CompanysizeSMIICB SectorCantonTicker symbol
ABBLSMIelectronic and electrical equipmentZurich
AdeccoMSMI MIDbusiness training and employment agenciesZurich
AlconLSMIhealthcareFribourg
amsMSMI MIDtechnologyAustria
GeberitLSMIbuilding materials and fixturesSt. Gallen
GivaudanLSMIspecialty chemicalsGeneva
HolcimLSMIbuilding materials and fixturesSt. Gallen
Julius BärMSMI MIDbanksZurich
Kuehne + NagelMSMIindustrial goods and servicesSchwyz
Lindt (PS)MSMI MIDchocolateZurich
LogitechMSMItechnologyVaud
LonzaLSMIpharmaceuticals and biotechnologyBasel
Nestlé1LSMIfood productsVaud
Novartis1LSMIpharmaceuticalsBasel
Partners GroupLSMIfinancial servicesZug
RichemontLSMIclothing and accessoriesGeneva
Roche1LSMIpharmaceuticalsBasel
SchindlerMSMI MIDindustrial goods and servicesLucerne
SGSLSMI MIDbusiness support servicesGeneva
SikaLSMIspecialty chemicalsZug
SonovaLSMIhealthcareZurich
Swatch GroupMSMI MIDclothing and accessoriesBern
StraumannLSMI MIDpharmaceuticalsBasel City
Swiss LifeLSMIlife insuranceZurich
Swiss ReLSMIreinsuranceZurich
SwisscomLSMIfixed line telecommunicationsBern
TemenosMSMI MIDtechnologyGeneva
UBSLSMIbanksZurich
VAT GroupMSMI MIDindustrial good and servicesSt. Gallen
Zurich Insurance1LSMIfull line insuranceZurich

References

  1. "SLI Family – Factsheet". SIX Swiss Exchange.
  2. "SLI® – the Swiss share index with capped weightings". SIX Swiss Exchange.
  3. "Swiss Indices Endorsed Under the EU Benchmarks Regulation". SIX Swiss Exchange.
  4. "SMI® - the Swiss Share Index with capped weightings". SIX Swiss Exchange.
  5. "Index adjustments on the occasion of the ordinary index review". SIX Swiss Exchange.
  6. "Index adjustments on the occasion of the ordinary index review". SIX Swiss Exchange.
Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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