UBL Pakistan Enterprise ETF
FLSW NYSE
Franklin FTSE Switzerland ETF · by Franklin Templeton
FLSW provides ultra-low-cost Swiss equity exposure at 0.09%. Switzerland's market features defensive healthcare and consumer staples giants like Nestlé, Roche, and Novartis.
FLSW: Switzerland's Defensive Quality
Franklin FTSE Switzerland ETF offers cost-efficient access to one of the world's most defensive and high-quality equity markets. Switzerland is home to global blue-chip companies in healthcare, food, and financial services.
Healthcare Dominance
Roche and Novartis are among the world's largest pharmaceutical companies, together representing approximately 30% of the Swiss market. Their diversified drug portfolios and strong pipelines provide defensive earnings characteristics.
Nestlé: World's Largest Food Company
Nestlé is the world's largest food and beverage company by revenue, with brands spanning coffee (Nespresso), water (Perrier), petcare (Purina), and baby food (Gerber). It typically represents 20% of Swiss ETFs.
Swiss Franc Strength
The Swiss franc is traditionally a safe-haven currency that tends to strengthen during global economic uncertainty. For US investors, this currency exposure can add defensive characteristics to the portfolio.
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 | 22.50% | $97.18 -2.13% |
| 2 | Roche Holdings | RHHBY | Healthcare | 15.80% | $56.37 -0.91% |
| 3 | Novartis | NVS | Healthcare | 14.20% | $154.65 -1.83% |
| 4 | ABB Ltd | ABB | Industrials | 5.50% | — |
| 5 | Zurich Insurance | ZURVY | Financials | 4.80% | $36.72 -0.89% |
Frequently asked questions
Is Switzerland a good defensive investment?
Yes. Swiss equities feature high-quality defensive companies in healthcare and consumer staples, a strong currency, and political neutrality - making it attractive during uncertain markets.
Why choose FLSW over EWL?
FLSW charges 0.09% vs EWL's 0.50%, offering significant fee savings while providing similar Swiss equity coverage.
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FLSW discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of FLSW in 2026?
FLSW price prediction 2026: what actually drives it?
Does FLSW pay a dividend, and how reliable is the yield?
Is FLSW a good long-term hold, or too concentrated?
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