Swiss exchange unveils new ETP segment

The opening of the ETP segment follows the drafting of additional listing rules, which came into force on Friday. The exchange says the ETPs eligible for the platform are collateralised, non-interest bearing debt securities, that track the performance of an underlying asset, either with or without leverage. Alain Picard, head of ETFs and other financial products at the SIX Swiss Exchange says: "It's important to have a distinction between a fund, a collateralised note, and then a non-collateralised product. Especially for investors, who need to see the difference. "So now there is ...