UBL Pakistan Enterprise ETF
Price
Rs39.88
YTD
+18.50%
Expense
1.50%
Yield
2.43%
EWL
EWL NYSE
iShares MSCI Switzerland ETF · by BlackRock
Price
CHF63.71
YTD return
+8.85%
1Y return
11.20%
Expense ratio
0.50%
Dividend yield
2.55%
AUM
$1.8B
iShares MSCI Switzerland ETF provides concentrated exposure to Swiss equities, dominated by healthcare (Novartis, Roche), consumer staples (Nestlé), and banking sectors.
What is EWL?
The iShares MSCI Switzerland ETF (EWL) provides exposure to the Swiss equity market, which is known for its defensive, quality characteristics. Three stocks — Nestlé, Novartis, and Roche — together represent nearly 46% of the fund, making it heavily concentrated in consumer staples and healthcare.
Sector Allocation
- Healthcare: 32.5%
- Consumer Staples: 20.8%
- Financials: 15.2%
- Industrials: 10.5%
- Materials: 8.2%
- Consumer Discretionary: 5.8%
- Technology: 3.5%
- Communication Services: 1.8%
- Real Estate: 1.2%
- Energy: 0.5%
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | Nestlé SA | NSRGY | Consumer Staples | 18.50% | $97.18 -2.13% |
| 2 | Novartis | NVS | Healthcare | 14.80% | $154.65 -1.83% |
| 3 | Roche Holdings | RHHBY | Healthcare | 12.50% | $56.37 -0.91% |
| 4 | ABB Ltd | ABB | Industrials | 5.80% | — |
| 5 | Zurich Insurance | ZURVY | Financials | 4.50% | $36.72 -0.89% |
| 6 | UBS Group | UBS | Financials | 4.20% | $54.36 -0.29% |
| 7 | Richemont | CFRUY | Consumer Discretionary | 3.80% | $23.68 0.25% |
| 8 | Holcim | HCMLY | Materials | 3.20% | $18.03 -1.15% |
| 9 | Swiss Re | SSREY | Financials | 2.50% | $43.48 -0.57% |
| 10 | Sika AG | SXYAY | Materials | 2.20% | $23.76 -0.46% |
Frequently asked questions
Is EWL defensive?
Yes, Switzerland market is highly defensive. Healthcare (Novartis, Roche) and consumer staples (Nestlé) make up 53%+, providing stability during market downturns.
Why is Switzerland market concentrated?
Three mega-cap companies (Nestlé, Novartis, Roche) dominate the Swiss market due to Switzerland relatively small market size but home to global leaders in food, pharma, and banking.
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Community
EWL discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of EWL in 2026?
EWL price prediction 2026: what actually drives it?
Does EWL pay a dividend, and how reliable is the yield?
Is EWL a good long-term hold, or too concentrated?
Which Switzerland stocks moved this week? (Aug 17, 2026)
Which Switzerland stocks moved this week? (Aug 24, 2026)
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