SMI MID

The SMI MID (SMIM) is a stock index which lists Switzerland's mid-cap companies. The index is calculated by SIX Swiss Exchange.[1]

SMI Mid
Foundation15 November 2004 (history from 3 January 1996)
OperatorSIX Swiss Exchange
ExchangesSIX Swiss Exchange
Trading symbolSMIM
Constituents30
TypeMid-cap, price index
Market capCHF 245 billion (full, end 2017)[1]
Weighting methodMarket-value-weighted, free-float-adjusted
Related indicesSMI, SMI Expanded, SPI 20
Websitewww.six-group.com

It includes the 30 Prime Standard shares from sectors that rank immediately below the companies included in the Swiss Market Index. The company size is based on terms of order book volume and market capitalization.[1]

The SMI MID was introduced on 15 November 2004, computed back to 3 January 1996 with a baseline value of 1000 points as of 31 December 1999.[1] Its composition is examined once a year. Calculation takes place in real-time: as soon as a new transaction occurs in a security contained in the SMI MID, an updated index level is calculated and displayed.

In 2020, the SMI MID, along with other SIX indices, was endorsed under the EU Benchmarks Regulation and is registered with the European Securities and Markets Authority, which means that it can be used as an underlying for financial products sold in the EU.[2]

Constituents

The following 30 stocks make up the SMI MID index as of September 18, 2020 after closing.[3][4] All components are mid-caps, except Sonova, which is a large cap.[4] The latest adjustment was made on September 18, 2020 with the replacement of four components.[5]

CompanySectorCantonTicker symbol
AdeccoservicesZurichADEN
amssemiconductors(Austria)AMS
BâloiseLife insuranceBaselBALN
Barry Callebautfood productZurichBARN
BB BiotechbiotechnologySchaffhausenBION
Cembra Money Bankfinancial servicesZurichCMBN
Clariantspecialty chemicalsBasel-CountryCLN
DufryDuty-free shopBaselDUFN
Ems-Chemiespecialty chemicalsGraubündenEMSN
Flughafen ZürichairportsZurichFHZN
Galenicachemistry, pharmacyBernGALE
Georg Fischermachine buildingSchaffhausenFI-N
Helvetia Insurancefull line insuranceSt. GallenHELN
Julius BärbanksZurichBAER
Kuehne + NagellogisticsSchwyzKNIN
Lindt & Sprünglifood productZurichLISN / LISP
Logitechcomputer peripheralsVaudLOGN
OC OerlikonengineeringSchwyzOERL
PSP Swiss Propertyreal estateZugPSPN
Schindler Groupmachine buildingLucerneSCHN / SCHP
SIG Combibloc Groupsupplies(Luxembourg)SIGN
Sonovamedical devicesZurichSOON
StraumannpharmaceuticalsBaselSTMN
SunriseTelecommunicationsZurichSRCG
Swiss Prime Sitereal estateSoloturnSPSN
Temenos GroupsoftwareGenevaTEMN
VAT Group AGvacuum engineeringSt.GallenVACN
Vifor PharmapharmaceuticalsZurichVIFN

See also

References
  1. "SMI Family – Factsheet" (PDF). SIX Swiss Exchange. Retrieved 17 April 2019.
  2. "Swiss Indices Endorsed Under the EU Benchmarks Regulation". SIX Swiss Exchange. Retrieved 12 April 2020.
  3. "SMI MID (SMIM)". SIX Swiss Exchange. Retrieved 2020-06-29.
  4. "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 10 October 2019.
  5. "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 2020-09-03.
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