iShares MSCI Switzerland ETF
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The Swiss government said a deal to reduce U.S. tariffs on that country's imports to 15% will apply retroactively to Nov. 14. Switzerland has promised to invest in the U.S. economy in exchange for tariff relief.
European equities eked out a modest gain on Thursday, with the pan-European Stoxx 600 reversing early losses to finish 0.12% higher as investors assessed a shifting global economic landscape, incoming corporate news, and rising expectations of US monetary easing. Germany's DAX led the region's major indices, advancing 0.22% to end the day at 23,777.
Creative Planning lifted its holdings in iShares MSCI Switzerland ETF (NYSEARCA:EWL) by 6.9% during the undefined quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,624 shares of the exchange traded fund's stock after acquiring an additional 2,953 shares during the period. Creative Planning owned approximately 0.19%
In exchange, Swiss officials committed to series of quotas for imports from the US on a duty-free basis
Switzerland has been subject to one of the highest tariff rates levied on an individual country by the Trump administration.
Georges Kern, CEO of Swiss luxury watchmaker, Breitling, speaks to CNBC's Carolin Roth about the impact of U.S. tariffs on the company, and explains how political instability across Europe has affected the business. Subscribe: @CNBCInternationalLive Subscribe to CNBC International: @CNBCInternational LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
The 39% duty was met with dismay, with business leaders saying it was damaging business. Switzerland's key exports include watches, jewelry, machinery, chocolate, and pharmaceutical products.
"We continue to stay in a good place." ECB governing council member Martin Kocher tells Lizzy Burden there's "no pre-commitment" on any rate path
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
iShares MSCI Switzerland ETF receives a Hold rating due to its mixed outlook versus broader international peers and less attractive valuation. EWL's top holdings—Nestle, Novartis, and Roche—offer stability and dividend growth but lag behind the growth of global tech leaders in VXUS. EWL has higher fees (0.50%) and a lower dividend yield compared to peer funds like VXUS, which also boasts greater diversification and lower costs.
Swiss coffee machine maker Thermoplan was a small family firm until it rode the wave of late 1990s globalisation to become a key supplier for Starbucks and created more than 500 jobs in a lakeside village by the Alps.
European Central Bank Governing Council Member Joachim Nagel says "the bar is high" to issue another interest rate cut. Speaking to Bloomberg TV's Lisa Abramowicz and Tom Keene, the Bundesbank president said the euro zone is in a “kind of equilibrium,” with inflation and interest rates both at 2%.
EWL offers exposure to Switzerland's resilient economy, with a focus on defensive, high-quality multinationals like Nestlé, Roche, and Novartis. The fund's concentrated portfolio is balanced by sector diversification and the global reach of its top holdings, supporting steady medium-term returns. EWL's expense ratio is reasonable given its liquidity and BlackRock's reputation, though dividend yield could be higher compared to peers.
Trade tensions between the United States and the European Union have intensified, as former President Donald Trump escalates demands for significantly higher tariffs in ongoing negotiations. With an August 1 deadline looming, both sides face a standoff that could trigger retaliatory measures and unsettle global markets.
U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.
A new Trump tariff threat targets a bloc of 27 countries that add up to the largest U.S. trade partner.
President Donald Trump on Saturday announced 30% tariffs on the European Union and on Mexico, cementing a new high level of levies with key trading partners ahead of an Aug. 1 implementation.
President Donald Trump announced Saturday his administration is imposing 30% tariffs on imports from the European Union and Mexico, hiking up the tariff rate for two of the U.S.'s biggest trading partners despite lengthy negotiations.
Donald Trump has announced he will impose a 30% tariff on imports from the European Union from August.
The president made the announcement on social media, even as the EU was hoping for a trade agreement