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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: bullbud who wrote (82875)8/8/2008 10:58:59 AM
From: Oblomov  Read Replies (3) | Respond to of 116555
 
OK...back on the topic of investing...

I noticed that SWZ (Swiss Helvetia fund) is trading at a 15% discount to NAV today. They hold equity in Swiss companies like ABB, Syngenta, Nestle, Novartis, etc., and do not hold the ADRs, but buy stock on the Swiss exchanges, and hold all cash in CHF. So there is pure CHF exposure. The fund does not use leverage. Dollar seems to want to rally here, so it might get cheaper yet, but I'm keeping my eye on it.