Switzerland 20 CFD

The Switzerland 20 CFD is designed to follow the Swiss Market Index (SMI). Switzerland's best-known equity benchmark contains 20 of the largest and most liquid companies listed on the SIX Swiss Exchange. It uses free-float market-capitalization weighting with constituent caps to reduce domination by its largest members. The index has substantial exposure to global healthcare, consumer-staples and financial companies, making international business conditions important to performance. SW20 can be influenced by pharmaceutical developments, consumer demand, bank earnings, interest rates and the Swiss franc. Currency movements may affect multinational earnings, but the impact varies by company. SW20 is a CFD, not the official SMI or ownership of its shares. Its quote may include spreads, financing, dividend adjustments and out-of-hours pricing, while leverage magnifies gains and losses. Check the trading session, return version and product specification when comparing SW20 with an official SMI data source.