(CSSMI) iShares SMI (CH) - Ratings and Ratios

The iShares SMI® ETF (CH) (SW:CSSMI) is a Swiss-domiciled exchange-traded fund designed to track the performance of the Morningstar Switzerland Target Market Exposure Net Total Return CHF index. This ETF provides exposure to a broad range of Swiss equities, making it a straightforward way to gain access to the Swiss stock market.

With an AUM of 2,076.30M CHF, the fund is sizeable enough to offer liquidity but not so large that it becomes overly concentrated in a few large-cap names. The ETF is structured to replicate the performance of its underlying index, which is designed to represent the overall Swiss equity market. This makes it a suitable option for investors seeking broad market exposure rather than targeting specific sectors or individual companies.

The fund trades on the SIX Swiss Exchange under the ticker symbol CSSMI. Its expense ratio and tracking error are designed to keep costs low for investors, though specific figures are subject to change over time. The ETF is denominated in CHF, which means investors should be aware of currency risk if they are investing from outside Switzerland.

The underlying Morningstar Switzerland Target Market Exposure Net Total Return CHF index is constructed to include a diverse range of Swiss companies, spanning various sectors. This includes but is not limited to financials, pharmaceuticals, and industrials, which are key pillars of the Swiss economy. The index is rebalanced periodically to ensure it remains representative of the broader market.

From a portfolio construction perspective, this ETF can serve as a core holding for investors looking to allocate to Swiss equities. It is particularly suitable for long-term investors who want passive exposure to the Swiss market without the need for active management. The lack of explicit P/E, P/B, or P/S ratios in the funds documentation reflects its focus on tracking the index rather than pursuing specific valuation metrics.