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EWL - EWL: Swiss Equities Look Fairly Priced But Unlikely To Outperform
iShares Inc MSCI Switzerland
Swiss stocks can be perceived as quite safe, consisting of mostly stable and staple sectors like Healthcare and Financials.
Based on simplistic valuation methods, Swiss stocks look fairly priced relative to conservative, and slightly less conservative, estimates.
While upside is possible, upside is probably going to be capped to circa 10%, absent either a localized equity bubble or a further rally in the Swiss franc.