Corporate Press Release
Credit Suisse Lists Alternative Energy, Money Market, and Equity Exchange Traded Funds On The SIX Swiss Exchange
The CS ETF (IE) on Credit Suisse Global Alternative Energy provides investors with exposure to 30 of the largest companies selected from the broad alternative energy universe. Thomas Merz, Credit Suisse‘s Head of ETFs for Switzerland/Liechtenstein said: "We expect a positive development of alternative energies over the next few decades and we firmly believe that Credit Suisse’s ETF will provide investors with easy access to this growing and increasingly important sector."
Credit Suisse is also launching two money market ETFs. The first is the CS ETF (IE) on EONIA which replicates the performance of the Euro OverNight Index Average*. The second is the CS ETF (IE) on Fed Funds Effective Rate, the benchmark is used as the short-term money market reference rate in the US.
The CS ETF (IE) on MSCI World offers investors exposure to stocks from global developed markets, excluding stocks from emerging or frontier markets. At the end of 2010, the index had 1656 constituents from 24 countries. Thomas Merz continues: "The money market products and the ETF on MSCI World are specifically aimed at investors who would like to invest their money short-term in highly liquid and flexible investment instruments."
Credit Suisse has expanded its ETF platform in the past 18 months, listing on the Borse Italiano, Xetra Frankfurt, LSE and Euronext Paris. Credit Suisse is the largest ETF provider in Switzerland with CHF 15.6 billion AUM at the end of December 2010**.
*EONIA is an effective overnight interest rate computed as a weighted average of all overnight unsecured lending lending transactions initiated by panel banks as determined by the European Central Bank.
**Blackrock Advisors (UK) Limited ETF report December 2010