Switzerland is rebounding from COVID

Article Excerpt

Switzerland has a stable, export-oriented economy, which regularly ranks among the world’s most competitive. In addition, it is home to some of the top performing and best-known global companies. COVID-19 slowed the economy along with most other nations—and it’s still a risk. But the outlook for Switzerland is positive, and the economy is expected to expand by as much as 2.6% this year. Here is one ETF that provides exposure to leading Swiss publicly traded companies. ISHARES MSCI SWITZERLAND ETF $43.75 (New York symbol EWL; TSINetwork ETF Rating: Aggressive; Market cap: $1.5 billion) tracks the performance of the largest publicly listed Swiss companies. Healthcare companies account for 34% of the fund’s assets, while Consumer defensive (25%), Financial services (16%), Basic materials (8%), and industrials (7%) are other key segments. The ETF holds a portfolio of 41 stocks; the top 10 holdings make up 69% of its assets. They are Nestle (Consumer, 21.5%), Roche Holding (Healthcare, 15.1%), Novartis (Healthcare, 10.9%), Zurich Insurance (Financials, 4.5%), UBS Group (Financials,…