A German competitor is muscling into the booming Swiss market with exchange-traded funds. Baader Bank will use its local daughter Helvea to offer its products to investors ever keener to snap up indexed funds.
The Munich-based bank will expand its Baader-Helvea analyst brand to include the ETF investments, the company said in a statement. Swiss broker Helvea aims to assist institutional clients in defining an investment strategy and allocating their assets accordingly.
Trading Strategies for Short and Medium Term
The bank's ETF-research team will also compile trading strategies for the short and medium term based on indexed products, Baader added.
With this expansion, the Baader-Helvea Group is strenghthening its position as ETF broker. Baader-Helvea is a market maker in more than 1'000 indexed products on the Berlin, Frankfurt and Munich exchanges as well as on the Gettex trading platform, the bank said.
