BlackRock to drop ETFs from SIX and relist on retail-focused Swiss exchange (49 ETFs impacted)

Investing / Others
1

Article from:https://www.etfstream.com/articles/blackrock-to-drop-etfs-from-six-and-relist-on-retail-focused-swiss-exchange

BlackRock is relisting a portion of its SIX Swiss Exchange-listed ETF share classes onto the retail-focused BX Swiss as part of a broader consolidation aimed at concentrating trading where liquidity and execution are strongest.

The delisting spree will see 49 ETF ‘trading lines’ removed from Switzerland’s largest stock exchange, with 14 of these listings transferred to BX Swiss, a retail-focused stock exchange based in Berne and owned by the international Stuttgart Stock Exchange Group.

BlackRock will also delist 14 trading lines across Euronext Amsterdam, Tel Aviv Stock Exchange, Deutsche Boerse and the London Stock Exchange.

There are 2,299 ETFs currently listed on SIX Swiss Exchange versus 226 ETFs on BX Swiss spanning products from Amundi, BlackRock, Janus Henderson and DWS.

The affected ETFs include the Euro denominated accumulating share class of the $10.6bn iShares MSCI World SRI UCITS ETF (SUSW), the US dollar denominated accumulating share classes of the $7.8bn iShares Edge MSCI World Value Factor UCITS ETF (IWVL) and the $4.1bn iShares Edge MSCI USA Value Factor UCITS ETF (IUVL).

The delistings from the SIX Swiss Exchange and the relistings on the BX Swiss will take place on 15 December.

A spokesperson for BlackRock told ETF Stream: “We regularly review our fund ranges to ensure clients have access to efficient trading, strong liquidity and high-quality execution across our products.

“These changes reflect evolving investor demand and are designed to concentrate trading across a smaller number of exchanges where liquidity and execution are strongest.”

SIX Swiss Exchange charges issuers based on the number of ETFs listed, with costs declining as listing volumes increase. Issuers listing between one and 10 exchange traded products (ETPs) pay CHF3,000 per product, while those listing more than 31 ETPs pay CHF500 per product.

Meanwhile, on BX Swiss each new ETF listing costs CHF 3,000 - a fee that includes maintenance for its first year - with total new listing fees capped at CHF 20,000 per issuer per calendar year.

5 Likes
2

Are any ETFs closed or are the ETFs that don’t get transferred to BX Swiss going to still be listed somewhere?

3

Not sure if I have all the ETFs impacted

image
image1524×872 131 KB

image
image1472×242 12.3 KB

image
image1596×1390 322 KB

image
image2008×496 34.3 KB

image
image1692×708 44.2 KB

image
image1544×1470 296 KB

image
image1554×1294 309 KB

image
image1572×1462 400 KB

image
image1552×1320 250 KB

1 Like
4

Seems like no CHF listing is affected.

1 Like
5

What does it mean that the other exchange (BX) is more retail Focussed….

I never knew there are two exchanges.

6

That’s what surprises me the most. So far, I haven’t had a broker that had access to BX Swiss. At least IBKR and Saxo don’t have that exchange. Maybe Neon, Yuh, and others use BX Swiss in the background? Or some traditional “retail-focused” products from brick-and-mortar banks?

EDIT 1: Swissquote apparently offers access to BX Swiss. And Hypothekarbank Lenzburg, what Neon uses in the background (but that doesn’t necessarily mean anything).

EDIT 2: Neon does indeed use BX Swiss.

1 Like
7

Vanguard also focuses on BX Swiss for Swiss retail clients:

  • FTSE Global All-Cap UCITS @ SIX => in USD
  • FTSE Global All-Cap UCITS @ BX Swiss => in CHF

(USD doesn’t make sense for retail investors, at least for swiss retail customers)

1 Like
8

LOL, From ZKB, but for professional investors, from 2020:

Screenshot 2026-09-24 at 09.02.04
Screenshot 2026-09-24 at 09.02.04856×444 41.5 KB

9

Wait is Vanguard gonna list their new UCITS in CHF on BX instead of SWX?

10

I think it’s mostly a cost issue and maybe to put some pressure on the SIX to reduce listing cost.

2 Likes
11

I wonder why IBKR has no access to BX swiss. Normally IB has the broadest access to just about anything.

I‘d however expect to get this access eventually, with such moves. BX Swiss seems to increase relevancy.

12

Is Lang & Schwarz available through IBKR?
Should be comparable to BX Swiss.

1 Like
13

No I don’t think so, as it’s not a primary stock exchange. But something like Gettex is afaik.

14

Gettex, yes.

15

I find it a bit weird that so many share classes in USD and EUR are listed at SIX, also when it doesn’t make much sense IMHO. I hope it will put pressure on Swiss brokers not to charge higher comissions for trading at European exchanges, which are probably cheaper than SIX to start.

16

Yes and except one EUR hedged ETF, none of the currencies changes. The only impact for us is that transaction fees could change, but no impact on FX.

17

That was my biggest worry but it doesn’t seem CHF SIX listings are affected indeed. :sweat_smile:

The more mustachian I get the more I like my CHF ETFs.