While Switzerland remains a major structured products hub, SRP Greeks data shows the Eurostoxx 50 overwhelmingly dominates notional exposure, product design and sensitivity profiles, underlining its far greater importance as a global standalone underlying compared with the more basket-driven SMI.
The Eurostoxx 50 (SX5E) and Swiss Market Index (SMI) represent two major European markets, making it valuable to analyse their impact on structured products, since both indices are popular underlyings. Both Eurozone and Switzerland have very active structured products markets, but very little of either is linked to the SMI The Eurostoxx 50 represents the largest companies in the Eurozone and has a total capitalisation of around €4 trillion (US$4.69 trillion). This index includes ASML (s