Switzerland's biggest companies
This fund holds the leading Swiss-listed companies, including some of the world's biggest names in healthcare and consumer goods. Switzerland is known for stable, defensive businesses. Dividends are reinvested automatically rather than paid out.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Access to stable, defensive Swiss blue chips
- Low fee for a single-country fund
- Accumulating and UCITS compliant
- Uses a swap, adding counterparty risk
- Very concentrated in a few large stocks
- Single country, so less diversified
About this fund
The Amundi MSCI Switzerland UCITS ETF tracks the MSCI Switzerland index, around 40 large and mid-cap Swiss companies heavily weighted to healthcare, consumer staples and financials. It accumulates dividends and is domiciled in Luxembourg. The fund uses synthetic (unfunded swap) replication with BNP Paribas as counterparty. A USD line trades on the London Stock Exchange.
Available on Interactive Brokers
Low-cost access to Switzerland's biggest companies and 10,000+ funds worldwide.
Frequently asked questions
Is CSWU.L accumulating or distributing?
Amundi MSCI Switzerland UCITS ETF CHF (Acc) (CSWU.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for CSWU.L?
CSWU.L has a total expense ratio (TER) of 0.25% per year. On a $10,000 holding that is roughly $25 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy CSWU.L on Interactive Brokers?
Yes. CSWU.L trades on London Stock Exchange, USD and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does CSWU.L invest in?
Amundi MSCI Switzerland UCITS ETF CHF (Acc) (CSWU.L) tracks the MSCI Switzerland. This fund holds the leading Swiss-listed companies, including some of the world's biggest names in healthcare and consumer goods. You buy one fund and get the whole basket in a single trade.
Is CSWU.L a UCITS ETF, and where is it domiciled?
Yes, CSWU.L is a UCITS ETF domiciled in Luxembourg. For non-US investors, EU-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is CSWU.L?
On the TickerCompare 1 to 5 scale, CSWU.L is rated medium risk (3/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.