Paresh Upadhyaya from the Putnam Vista Fund likes the Swiss franc because we are entering a bearish dollar trend, Switerland's LEI has been increasing and the SMB (Swiss Fed equivalent) may raise rates soon. What he did not mention is the bomb shelter aspect of the Swissi, meaning flight to safety with all that happening right now. I don't know if it plays a role right now but it might.
He went on to say LNG exports will help the Aussie dollar and the loonie. He is also bullish on the loonie because he sees more rate hikes up north.
If he turns out to be correct stocks from these countries, generally speaking, would have a nice tailwind for US investors.
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5 comments:
I'm not aware of a Switzerland ETF--are there individual stocks that give good exposure?
swiss ETF? EWL.
there is also a cef, swz.
i have no position in either one.
Valuable information. Thanks.
g
How can someone get exposure to Iceland ? Any idea ?
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