iShares MSCI Switzerland ETF (EWL)
| Assets | $1.60B |
| Expense Ratio | 0.50% |
| PE Ratio | 18.97 |
| Shares Out | 26.50M |
| Dividend (ttm) | $1.02 |
| Dividend Yield | 1.69% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | 32.18% |
| Volume | 274,643 |
| Open | 60.31 |
| Previous Close | 60.21 |
| Day's Range | 60.26 - 60.61 |
| 52-Week Low | 45.81 |
| 52-Week High | 60.64 |
| Beta | 0.77 |
| Holdings | 48 |
| Inception Date | Mar 12, 1996 |
About EWL
Fund Home PageThe iShares MSCI Switzerland ETF (EWL) is an exchange-traded fund that is based on the MSCI Switzerland 25-50 index, a market-cap-weighted index of Swiss stocks EWL was launched on Mar 12, 1996 and is issued by BlackRock.
Top 10 Holdings
66.67% of assets| Name | Symbol | Weight |
|---|---|---|
| Roche Holding AG | ROG | 14.26% |
| Novartis AG | NOVN | 12.92% |
| Nestlé S.A. | NESN | 11.47% |
| UBS Group AG | UBSG | 6.84% |
| Compagnie Financière Richemont SA | CFR | 4.52% |
| ABB Ltd | ABBN | 4.39% |
| Zurich Insurance Group AG | ZURN | 4.34% |
| Holcim AG | HOLN | 2.73% |
| Lonza Group AG | LONN | 2.62% |
| Swiss Re AG | SREN | 2.58% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $1.0233 | Jun 20, 2025 |
| Jun 11, 2024 | $1.01719 | Jun 17, 2024 |
| Jun 7, 2023 | $1.02145 | Jun 13, 2023 |
| Jun 9, 2022 | $0.85733 | Jun 15, 2022 |
| Jun 10, 2021 | $0.91486 | Jun 16, 2021 |
| Dec 14, 2020 | $0.02262 | Dec 18, 2020 |
Performance
EWL had a total return of 31.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.31%.
News
Trump's Tariffs Are Sinking The Eurozone
Germany's export-driven economy faces severe headwinds from US tariffs, euro appreciation, and lost access to cheap Russian energy. German trade surpluses are shrinking, with 2025 exports to the US pr...
Swiss government says new 15% U.S. tariff ceiling retroactive to mid-November
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 tar...
ECB's Rehn sees downside risks to inflation, urges action on Ukraine funding
Inflation in the euro zone faces downside risks in the medium term, even as price growth has returned to the ECB's 2% target, European Central Bank policymaker Olli Rehn said, according to a report in...
Euro zone consumers continue to see benign inflation path, ECB survey shows
Euro zone consumers raised their near-term inflation expectations a touch but kept them unchanged further out, a European Central Bank survey showed, supporting bets that price growth remains around t...
European stocks close higher: DAX climbs 0.2%, FTSE 100 ends flat
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...
EU agrees to harmonise EU insolvency laws to enhance cross-border investments, capital markets
European Union governments and the European Parliament have reached agreement on harmonising the 27-nation bloc's insolvency laws to make it easier to invest across the EU and create a more liquid EU ...
US tariffs on Swiss goods cut to 15% in deal struck with Trump administration
In exchange, Swiss officials committed to series of quotas for imports from the US on a duty-free basis
US-Switzerland trade deal: tariffs slashed to 15%, boosting pharma and watches
After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs to 15% from the brutal 39% rate imposed in August. The agreement marks ...
U.S. And Switzerland Reach Trade Agreement—Lowering Tariffs To 15%
The U.S. and Switzerland have reached a trade agreement that will lower tariffs on Swiss goods to 15%, American and Swiss officials announced on Friday, after President Donald Trump's levies disrupted...
U.S. and Switzerland reach trade deal to lower tariffs to 15%
Switzerland has been subject to one of the highest tariff rates levied on an individual country by the Trump administration.
U.S. and Switzerland working on a deal to slash 39% tariffs
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.
ECB's Kocher says bar is not higher for possible December rate cut
"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
EWL: Why This Fund Will Likely Lag Broader International Funds
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 stab...
Deutsche Bank's Maximilian Uleer: Here's why the bull thesis for Europe holds
Maximilian Uleer, Deutsche Bank head of European equity and cross asset strategy, joins CNBC's 'Money Movers' to discuss outlooks on European markets.
Breitling CEO: U.S. tariffs 'terrible news' for Switzerland
Georges Kern, CEO of Swiss luxury watchmaker, Breitling discusses the impact of U.S. tariff rate of 39%, and explains how consumer sentiment is being affected by political instability across Europe.
Swatch sells watch lampooning Trump's 39% tariffs on Switzerland
Swiss watchmaker Swatch has begun selling a special edition watch with the numbers three and nine reversed on its face in a play on the 39% tariffs President Donald Trump imposed on U.S. imports from ...
Best And Worst Country ETFs Since Trump 2.0
It has been 225 days since President Trump's Inauguration on January 20th, and the S&P 500 entered today up 8% since the last close before the Inauguration. Speaking of the G7, the US has been the wor...
Bar Is High for Another Rate Cut, Says ECB's Nagel
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 preside...
Swiss Businesses Fear Being ‘Annihilated' by One of the World's Highest Tariffs
Goods shipped from the country face a 39% tariff in the U.S., which companies warn will have dire consequences if President Trump cannot be quickly dissuaded.
Swiss President to Leave DC Without Deal to Lower Tariffs
Switzerland's president is about to leave Washington without reaching a deal to get President Donald Trump to lower the 39% tariff he put on the country. A delegation led by Karin Keller-Sutter presen...
Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why
Switzerland is facing 39% tariffs on goods imported to the U.S. from Aug. 7. The looming duties have caused concerns about the Swiss economy, industry and interest rate outlook.
From Allies To Adversaries: EU Settles For 15% Tariffs
The new EU-US trade deal sets a 15% baseline tariff on most goods, averting a trade war but ending near-zero tariff norms. US markets highlight promised EU investments and energy purchases, while EU l...
ECB policymakers set high bar for Sept rate cut, sources say
European Central Bank policymakers are setting a high bar for an interest rate cut in September and they would need to see a significant deterioration in growth and inflation before backing further ea...
European shares rise on US-Japan trade deal, EU talks in focus
European shares climbed more than 1% on Wednesday, led by automobile stocks, after U.S. President Donald Trump revived hopes for a trade deal with the European Union following an agreement with Japan.
EWL: Buy Swiss, Invest Globally
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...
Donald Trump demands 15-20% tariffs on EU: report
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 A...