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.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.