Swiss Equity Markets

Henri B. Meier (), John E. Marthinsen (), Pascal A. Gantenbein () and Samuel S. Weber ()
Additional contact information
Henri B. Meier: HBM Sekretariat
John E. Marthinsen: Babson College
Pascal A. Gantenbein: University of Basel

Chapter Chapter 9 in Swiss Finance, 2023, pp 455-499 from Springer

Abstract: Abstract Since around 1990, the Swiss stock market has faced global competition, deregulation, automation, and enormous growth of structured products and exchange-traded funds. Driven by increased capital mobility, the market has become highly correlated with other well-developed stock markets, reducing diversification benefits for investors. Despite massive market capitalization growth, the stock market has returned more capital to investors than it has raised. During the same period, the number of listed foreign securities decreased. Today, Switzerland exhibits one of the world’s highest stock-market-capitalization-to-GDP ratios, which shows the importance of a well-functioning financial market for the country’s economy. Unlike the impact of the US-subprime mortgage crisis in 2008, the COVID-19 pandemic had no lasting effect on the Swiss stock market.

Keywords: Stock exchange; Venture capital; Exchange-traded funds; Initial public offering; Seasoned equity offering; Swiss Performance Index SPI (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-23194-0_9

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DOI: 10.1007/978-3-031-23194-0_9

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