A Fresh Look at Switzerland and Its ETF

The iShares MSCI Switzerland (EWL) tends to be a more stable exchange traded fund (ETF) because of its conservative fiscal stance. In fact, Switzerland’s Central Bank recently raised interest rates for the eighth quarter in a row, going against the European Central Bank and the Bank of England that kept rates the same, according to Carl Delfeld for ETF XRAY. Currently, EWL is up 3.9% year-to-date.

Switzerland’s economy is based on a labor force that produces highly-skilled work such as microtechnology, biotechnology and pharmaceuticals. Most of the people working in Switzerland work in small and medium-sized companies, according to SwissWorld.org. The country also has the third largest financial center in the world after New York and London.