The effective NAV is calculated daily on the basis of closing share prices. During trading sessions, an indicative NAV is calculated and published every 15 seconds. The SWX Swiss Exchange appoints a market maker to quote attractive bid and ask prices for each ETF traded on the platform. This guarantees a highly liquid market and keeps trade flowing. Another advantage price-wise is that Exchange Traded Funds are not subject to issue and redemption fees.
Investors merely pay the usual exchange charges imposed on securities orders.
Publication of an indicative NAV ensures that the fund's effective net asset value and its market price largely correlate. The following products are traded on the SWX Swiss Exchange.