page_title: Swiss Market Index
section_title: Current constituents
hierarchical_section_title: Swiss Market Index / SMI constituents / Current constituents
caption_attribution_description: English: Number of firms included in the SMI Expanded Index by location of HQ
context_page_description: The Swiss Market Index is Switzerland's blue-chip stock market index, which makes it the most followed in the country. It is made up of 20 of the largest and most liquid Swiss Performance Index stocks. As a price index, the SMI is not adjusted for dividends.
  The SMI was introduced on June 30, 1988 at a baseline value of 1,500 points. It closed above the symbolic level of 10,000 points for the first time on July 2, 2019. On March 12, 2020, it reached the level corresponding to a bear market, having lost 20% from its previous peak above 11,000 points.
  Its composition is examined once a year. Currently, it contains 19 large-caps and one mid-cap. Calculation takes place in real-time. As soon as a new transaction occurs in a security contained in the SMI, an updated index level is calculated and displayed. However, the index is updated no more than once per second. The SMI is calculated in Swiss Francs, the currency of the Swiss Confederation.
  The securities contained in the SMI currently represent approximately 80% of the entire Swiss equity market capitalization, as well as 85% to 90% of the total trading turnover of Swiss and Liechtenstein equities listed on the SIX Swiss Exchange.
context_section_description: As of March 23, 2020, the following 20 stocks make up the SMI index. The weights are given as of the same date.
caption: Distribution of SMI expanded index firms by canton of HQ
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