In times of uncertainty the yellow metal rules supreme. However, investors are also purchasing other defensive securities such as the Swiss Franc (not a security). Why? Well, Switzerland has 28 percent debt vs its GDP and relatively low unemployment. How can you get exposure to this currency? Simple, just purchase the iShares MSCI Switzerland Index Fund (EWL). There is also an ETF option for investors looking to get exposed to the Swiss currency; the Rydex Swiss Franc Trust (FXF) is designed to track the price of the Swiss Franc relative to the U.S. dollar. I am looking very aggressively to buy securities with an international bias as growth will come from outside the US.
FXF Swiss Franc Daily 7-20-2011
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