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The Swiss Franc Offers a Refuge in Times of Conflict
 [Human Events] The Swiss franc is the national currency of scenic Switzerland, a country that is known for its neutrality in international conflict, for its clockwork-like efficiency and for its reputation as a safe haven for protecting assets.Investors who are extremely wary about the volatility of the stock market may opt to try to safeguard some of their money by purchasing Swiss francs through an exchange-traded fund (ETF), such as PowerShares CurrencyShares Swiss Franc Trust (NYSE:FXF). However, currency investing is a zero-sum game in which one form of money rises at the expense of another, so the usually modest gains and losses of currencies typically are fairly minor compared to the wide swings that can occur in a topsy-turvy stock market. Unlike the U.S. dollar, which has been trending up in recent weeks, the Swiss franc has been losing value lately. The retreat of the "Swissie," the nickname for the currency not only of Switzerland but of neighboring Liechtenstein, had "gone largely unnoticed" by the market, particularly against the backdrop of rising tensions around global trade and protectionist policies of industrialized countries, according to a recent Bank of America research report. Posted by: Besoeker 2018-06-17 |
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