Swiss Stocks May Be Boring but They Are Matching the S&P 500
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A Swiss company may not be among the Stoxx Europe 600’s top 10 performers this year, but the country greatly contributed to the benchmark’s biggest gain in a decade. In terms of weight in the rally, Swiss stocks hold the top three spots with Nestle, Novartis and Roche, and the SMI Index is matching the S&P 500 when including dividends over the past two years. Given the defensive nature of this market, a number of strategists and fund managers see scope for more outperformance given the low growth environment.