The Swiss franc: one of the best safe-haven assets around
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The franc is the official currency of Switzerland and the currency of Liechtenstein. It is one of the strongest currencies in the world, due to the European country’s determination as a major financial and banking market.
The Swiss franc is considered a safe haven or defensive asset, i.e. it is less exposed to market volatility, especially in times of financial crisis. This type of asset is more stable and can safeguard your wealth against other currencies.
In times of crisis, investors look for a safe haven to protect their money, which strengthens defensive assets, which appreciate in value.
Raw materials are objects that we obtain from nature and that serve as inputs in the production of derived products. For example, cotton is the basis for the textile industry, or petroleum for the polymer industry.
Do you have Swiss francs and don’t know where to invest them?
If you have Swiss francs and don’t know what to invest them in, you can start with the most important Swiss companies.
Nestlé: The world’s largest food and beverage company. The Swiss company has commitments on regenerative agriculture, farmers’ livelihoods and child labor risks. It has achieved reductions of up to 13.7 million tons of CO2 emissions through various projects and has declared itself deforestation-free for its supply chains by 2021. That same year its sales amounted to 87.1 billion dollars and it obtained a real internal growth margin of 55 percent.
Roche: A 125-year-old multinational healthcare company, Roche operates under two divisions: pharmaceuticals and diagnostics. Its holding company, Roche Holding AG, has shares listed on the SIX Swiss Exchange. The Swiss company’s turnover exceeded 65 billion dollars. This boost was due to a 29% increase in the diagnostics division, which brought sales to almost $18.5 billion. Part of the company’s ambition is to contribute to environmental protection, supply chain sustainability and philanthropy.
Novartis: Swiss pharmaceutical corporation whose medicines reached 766 million patients worldwide in 2021, addressing major disease areas from cancer to heart disease and rare genetic disorders. With this, they reached sales of 51,600 million dollars during that year.
Richemont: A Swiss-based luxury goods holding company founded in 1988. Through its various subsidiaries, the firm produces and sells jewelry, watches, clothing and accessories. The company has recorded sales of $2,228 million in fiscal 2021, up 61% from the previous year, this was driven by sales in the Americas and revenues derived from retail.
Zurich Insurance: An insurer headquartered in Zurich, Zurich is considered the largest insurance company in Switzerland. As of 2021, it ranks 112th as the largest public company worldwide according to Forbes’ Global 2000s list. The firm earned about $4.55 billion in 2021, up 36% from the previous year. In addition, it has committed to be net zero emissions in its operations by 2030, accelerating its previous target for 2050.
This publication is for informational purposes only and should not be considered as a recommendation, offer or solicitation.
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