In this article we look at some of the most traded actively managed certificates (AMCs) on the SIX Swiss Exchange during May as well as a selection of private placements linked to non-tradable underlyings.

US Equities Focus Basket AMC Zuercher Kantonalbank’s (ZKB) open-ended AMC achieved a turnover of CHF50m from 200 trades on SIX in May 2025, making it the exchange’s number one investment product for the month. Launched by ZKB in May 2018 for an issued amount of US$45m, the product offers access to a notional basket of liquid and tradeable shares, actively constituted by the investment manager Survista Financial Advisors. The investor can get his investment back if he exercises his