How to invest in Switzerland using ETFs

How do I invest in Swiss stocks?

The easiest way to invest in the whole Swiss stock market is to invest in a broad market index. This can be done at low cost by using ETFs.

On the Swiss stock market you find 6 indices, which are tracked by ETFs.

Alternatively, you can consider indices on Europe. These indices weight Switzerland with up to 28%.

0.10% p.a. - 0.51% p.a.
annual total expense ratio (TER) of Switzerland ETFs
on the Swiss stock market, which is tracked by ETFs
on the Swiss stock market
The best indices for Switzerland ETFs

Performance of Swiss stocks (SLI®)

1 month: 5.09%
1 year: -3.76%
3 years: 10.37%
5 years: 61.87%

Indices in comparison

The best indices for ETFs on Switzerland

For an investment in the Swiss stock market, 6 indices tracked by 15 ETFs are available. On the Dow Jones Switzerland Titans 30 index there is 1 ETF. On the MSCI Switzerland index there are 2 ETFs. On the MSCI Switzerland 20/35 index there are 3 ETFs. On the SLI® index there are 4 ETFs. On the SMI® index there are 2 ETFs. On the SPI® index there are 3 ETFs. The total expense ratio (TER) of ETFs on these indices is between 0.10% p.a. and 0.51% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

Dow Jones Switzerland Titans 30

Switzerland 1 ETF 30
The Dow Jones Switzerland Titans 30 index tracks the 30 largest Swiss stocks. The weight of each stock is capped at 10%.

MSCI Switzerland

Switzerland 2 ETFs 38
(31/10/16)
The MSCI Switzerland index tracks around 40 leading stocks on the Swiss market.
Index factsheet

MSCI Switzerland 20/35

Switzerland 3 ETFs 38
(30/04/14)
The MSCI Switzerland 20/35 index tracks around 40 leading stocks on the Swiss market. The imbedded 20/35 rule limits the weight of the largest company to 35% and all other companies to maximum 20%.
Index factsheet

SLI®

Switzerland 4 ETFs 30
The Swiss Leader Index (SLI®) (total return) index tracks the 30 largest and most liquid stocks of the entire Swiss equity market.

SMI®

Switzerland 2 ETFs 20
The SMI® index tracks the 20 largest and most liquid Swiss large and mid cap stocks.

SPI®

Switzerland 3 ETFs 203
(31/10/16)
The SPI® index tracks the performance of the Swiss equity market as a whole.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares SMI (CH)CH0008899764 2,456 0.35% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SMI (CHF) A-disCH0017142719 1,418 0.20% p.a. Distributing Switzerland Full replication
iShares Core SPI (CH)CH0237935652 612 0.10% p.a. Distributing Switzerland Optimized sampling
iShares SLI (CH)CH0031768937 592 0.35% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SLI (CHF) A-disCH0032912732 522 0.20% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SPI (CHF) A-disCH0131872431 379 0.15% p.a. Distributing Switzerland Optimized sampling
UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-accLU0977261329 352 0.20% p.a. Accumulating Luxembourg Full replication
UBS ETF (CH) MSCI Switzerland (CHF) A-disCH0226274246 255 0.20% p.a. Distributing Switzerland Full replication
iShares SLI UCITS ETF (DE)DE0005933964 235 0.51% p.a. Distributing Germany Full replication
UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-disLU0979892907 113 0.20% p.a. Distributing Luxembourg Full replication
Amundi ETF MSCI Switzerland UCITS ETF CHFFR0010871145 61 0.25% p.a. Accumulating France Unfunded swap
ComStage Dow Jones Switzerland Titans 30 Net TR UCITS ETFLU0392496427 38 0.25% p.a. Accumulating Luxembourg Unfunded swap
db x-trackers SLI UCITS ETF (DR) 1DLU0322248146 30 0.35% p.a. Distributing Luxembourg Optimized sampling
UBS ETF (LU) MSCI Switzerland 20/35 UCITS ETF (CHF) A-UKdisLU1107560036 16 0.20% p.a. Distributing Luxembourg Full replication
ComStage SPI TR UCITS ETFLU0603946798 14 0.40% p.a. Accumulating Luxembourg Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
SMI® -0.45% -4.37% -4.75% -9.58% 4.09%
MSCI Switzerland 20/35 -0.38% -4.01% -4.36% -8.89% 3.95%
MSCI Switzerland -0.36% -3.82% -4.14% -7.90% 6.74%
SPI® -0.30% -3.69% -3.60% -6.78% -
Dow Jones Switzerland Titans 30 1.36% -0.36% -0.82% -6.62% 7.58%
SLI® 1.89% 0.61% 0.02% -4.90% 7.94%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
SMI® -7.76% 0.87% 12.37% 23.23% 18.31%
MSCI Switzerland 20/35 -7.28% 1.13% 11.52% - -
MSCI Switzerland -6.27% 1.68% 12.34% - -
SPI® -5.36% 2.62% - - -
Dow Jones Switzerland Titans 30 -4.77% 1.85% 11.86% 21.88% 18.09%
SLI® -3.05% 2.72% 8.57% 23.97% 21.36%

Source: justETF.com; As of 30/11/16; Calculations in CHF based on the largest ETF of the respective index.

 

The best Switzerland ETFs
by 1 year return

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The cheapest Switzerland ETFs
by total expense ratio (TER)

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Alternative investment opportunities

Swiss indices on small and mid caps or dividend strategies

Alternatively, you can consider indices on small and mid caps or dividend strategies. In total you can invest in 3 alternative indices on Switzerland tracked by 4 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0.15% p.a. and 0.45% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
SMIM® Switzerland
Mid Cap
2 ETFs 30
The Swiss Market Index Mid (SMIM®) index tracks the 30 largest and most liquid Swiss mid-cap equities.
SPI® Mid Cap Switzerland
Mid Cap
1 ETF 80
The SPI MID® index tracks the 80 largest mid-cap stocks in the Swiss equity market that are not included in the blue chip SMI index.
SPI® Select Dividend 20 Switzerland
Dividend
1 ETF
The SPI® Select Dividend 20 index tracks the 20 companies with the hightest dividend yield in the Swiss equity market.
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares SMIM (CH)CH0019852802 1,215 0.45% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SMIM (CHF) A-disCH0111762537 627 0.25% p.a. Distributing Switzerland Full replication
iShares Swiss Dividend (CH)CH0237935637 160 0.15% p.a. Distributing Switzerland Full replication
UBS ETF (CH) SPI Mid (CHF) A-disCH0130595124 79 0.25% p.a. Distributing Switzerland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
SPI® Select Dividend 20 -1.37% -3.77% -4.06% -5.57% -
SMIM® 0.43% -0.11% 0.72% 4.85% 31.49%
SPI® Mid Cap 0.96% -0.10% 1.48% 6.60% 32.99%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
SPI® Select Dividend 20 -3.75% 1.29% - - -
SMIM® 4.56% 10.63% 11.69% 30.67% 13.82%
SPI® Mid Cap 5.86% 10.27% 12.11% 28.77% 14.14%

Source: justETF.com; As of 30/11/16; Calculations in CHF based on the largest ETF of the respective index.

 
Alternative investment opportunities

Europe indices with a share of Switzerland

Besides Switzerland ETFs you may consider investing in ETFs on the European stock market. In total, you can invest in 3 Europe indices, which are tracked by 15 ETFs. The total expense ratio (TER) of ETFs on Europe indices is between 0.15% p.a. and 0.51% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
MSCI Europe Europe

Switzerland: 13.98%
(31/10/2016)
12 ETFs 446
(31/10/16)
The MSCI Europe (total return) index tracks the leading stocks from 15 European industrial countries.
Index factsheet
MSCI Europe ex UK Europe

Switzerland: 19.61%
(31/10/2016)
1 ETF 335
(31/10/16)
The MSCI Europe ex UK index tracks the leading stocks from European industrial countries, excluding United Kingdom.
Index factsheet
STOXX® Europe 50 Europe
Large Cap
Switzerland: 20.90%
(31/10/2016)
2 ETFs 50
The STOXX® Europe 50 (total return) index tracks 50 European large cap stocks.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares MSCI Europe UCITS ETF (Dist)IE00B1YZSC51 5,879 0.35% p.a. Distributing Ireland Optimized sampling
db x-trackers MSCI Europe Index UCITS ETF (DR) 1CLU0274209237 2,862 0.30% p.a. Accumulating Luxembourg Full replication
iShares MSCI Europe ex-UK UCITS ETFIE00B14X4N27 1,688 0.40% p.a. Distributing Ireland Optimized sampling
Lyxor UCITS ETF MSCI Europe D-EURFR0010261198 1,456 0.25% p.a. Distributing France Unfunded swap
iShares STOXX Europe 50 UCITS ETFIE0008470928 678 0.35% p.a. Distributing Ireland Full replication
Source MSCI Europe UCITS ETF AIE00B60SWY32 631 0.20% p.a. Accumulating Ireland Unfunded swap
SPDR MSCI Europe UCITS ETFIE00BKWQ0Q14 561 0.25% p.a. Accumulating Ireland Full replication
iShares MSCI Europe UCITS ETF (Acc)IE00B4K48X80 543 0.33% p.a. Accumulating Ireland Optimized sampling
Amundi ETF MSCI Europe UCITS ETFFR0010655696 446 0.15% p.a. Accumulating France Unfunded swap
iShares STOXX Europe 50 UCITS ETF (DE)DE0005933949 262 0.51% p.a. Distributing Germany Full replication
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-disLU0446734104 234 0.20% p.a. Distributing Luxembourg Full replication
HSBC MSCI Europe UCITS ETF EURIE00B5BD5K76 202 0.20% p.a. Distributing Ireland Full replication
ComStage MSCI Europe TRN UCITS ETFLU0392494646 15 0.25% p.a. Accumulating Luxembourg Unfunded swap
db x-trackers MSCI Europe Index UCITS ETF (DR) 1DLU1242369327 12 0.30% p.a. Distributing Luxembourg Full replication
Amundi ETF MSCI Europe UCITS ETFFR0012857118 4 0.15% p.a. Distributing France Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
STOXX® Europe 50 -0.24% -2.24% -4.67% -11.40% -4.73%
MSCI Europe 0.05% -1.48% -3.17% -9.02% -0.24%
MSCI Europe ex UK -1.03% -1.76% -3.13% -8.98% 1.00%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
STOXX® Europe 50 -5.49% -3.90% 3.96% 18.68% 11.92%
MSCI Europe ex UK -3.77% -0.12% 4.48% 23.95% 18.52%
MSCI Europe -3.32% -2.39% 4.64% 21.42% 16.08%

Source: justETF.com; As of 30/11/16; Calculations in CHF based on the largest ETF of the respective index.