Get Out Of Swiss Stocks Now: Barclays

Swiss stocks took a beating yesterday (and are falling again today) after the Swiss National Bank’s decision to end the 1.20 cap on the EUR/CHF exchange rate. But if you are a non-CHF investor the exchange rate shift more than made up for falling stock prices, pushing the Swiss Index up in USD even as it fell in CHF. Barclays analysts Dennis Jose and Ian Scott think this is the perfect opportunity for those non-CHF investors to get out (although many would have argued that before the big drop would have been a better time).

“The sudden appreciation of the Swiss franc has provided a windfall to non-Swiss denominated investors despite the decline in the stock market in domestic...