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MSCI index used for Swiss ETF

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MSCI says its Euro IndexSM is being used as the basis for a new exchange-traded fund. The new XMTCH ETF, which has begun trading in Switzerland, gives investors exposure to Euro-zone markets through a single trade, says MSCI.
The ETF has been launched by Credit Suisse Asset Management and is listed on Swiss exchange SWX Switzerland.
“Investors are increasingly using ETFs as an efficient and cost effective way to gain exposure to their desired markets,” says Rabbe Ekholm, managing director and chief marketing officer at MSCI.
The MSCI Euro Index is a sub set of the broader MSCI EMU IndexSM. It is designed to track the MSCI EMU benchmark closely, says MSCI, and was created to serve as the basis for derivative contracts, exchange traded funds and other passive investment products.
MSCI says there are now 45 ETFs based on its indices globally.

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