{
  "id": 11836901,
  "title": "Warum Linth, Swisscom oder Swatch in diesem neuen Schweizer Aktienfonds nichts verloren haben",
  "url": "https://urgent.news/2026/10/04/warum-linth-swisscom-oder-swatch-in-diesem-neuen-schweizer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-04T03:30:00.000Z",
  "source": {
    "name": "NZZ Wirtschaft",
    "slug": "nzz-wirtschaft",
    "url": "https://www.nzz.ch/wirtschaft/warum-linth-swisscom-oder-swatch-in-diesem-neuen-schweizer-aktienfonds-nichts-verloren-haben-ld.10026476"
  },
  "original_language": "de",
  "account": "A recently launched investment product, the \"Switzerland Fund,\" focuses exclusively on Swiss companies, excluding major domestic icons like Linth, Swisscom, and Swatch. This innovative approach may seem narrow-minded, but it has sparked interest among investors. The fund invests only in companies that generate at least 90% of their value within Switzerland, measured by production, sales, balance sheet size, or asset value. Most listed companies fail to meet this criterion, as they have international operations. Swisscom, despite its name, is not included in the fund due to its global presence. Similarly, chocolate and watch manufacturers are excluded because of their export-focused business models. The fund primarily includes regional banks, real estate companies, ski resorts, and a few other sectors like internet marketplaces, building technology firms, and consulting businesses. Some of these titles are over-the-counter stocks, such as the Pilatus or Rigi railways and the White Arena Laax. This unique combination makes the Switzerland Fund distinct. While the author does not plan to invest in it due to its narrow focus and high fees, the idea behind it is innovative, and it has generated interest among some investors. The Swiss government and UBS are arguing over the capital requirements, while analysts watch the debates and media speculation about UBS's potential departure from Switzerland. Meanwhile, commodity-rich stock exchanges in Brazil and Mexico are benefiting from rising raw material and energy prices.",
  "summary": "Ein gerade lanciertes Anlageprodukt setzt auf radikale Swissness – und schliesst so ausgerechnet die bekanntesten heimischen Aushängeschilder aus.",
  "key_points": [
    "Switzerland Fund excludes Linth, Swisscom, Swatch due to international operations",
    "Fund invests in Swiss companies generating 90%+ value domestically",
    "Regional banks, real estate, ski resorts included in unique fund composition"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}