The Swiss franc ETF spiked during the first half of 2011 but then fell sharply in the wake of the SNB moves to weaken the currency. The central bank in September promised to buy euros at “unlimited quantities” as a way to maintain a 1.20 franc price ratio. [Swiss Franc ETF Loses Strength After SNB Intervention]
The Swiss franc has languished because it is seen as a less desirable safe-haven asset following the currency interventions. [Currency Intervention Fears Weigh on Swiss Franc ETF]
CurrencyShares Swiss Franc Trust
Read the disclaimer; Tom Lydon is a board member of the funds for Rydex|SGI.