How to invest in Swiss stock CFDs: Switzerland 20 index guide
Switzerland is recognised for its stable economy, political neutrality and well-established financial sector, making it a key player in global markets.
The nation’s economy is characterised by a skilled workforce, low levels of public debt and a large base of small and medium-sized enterprises. The services sector contributes nearly three-quarters of Switzerland’s gross domestic product (GDP).
Switzerland’s economic stability has made the Swiss franc (CHF) a well-recognised safe-haven currency, often sought during periods of global uncertainty.
But how can individuals gain exposure to Swiss assets? This article outlines how to invest in Swiss stocks.
Swiss stock market explained
Understanding the basics of the Swiss stock market can help you navigate investment opportunities more confidently.
- SIX Swiss Exchange, operated by SIX Group, is Switzerland’s main stock exchange. Based in Zurich, it ranks among the top 20 global exchanges by market capitalisation.
- The Switzerland 20 – Swiss Market Index (SMI) – is Switzerland’s leading blue-chip index benchmark, tracking 20 of the nation’s largest and most liquid companies.
- The Swiss Performance Index (SPI) offers a broader view, covering almost all listed companies in Switzerland and Liechtenstein.
Past performance is not a reliable indicator of future results.
As of November 2025, the SMI is around 12,305 points, following a record high of nearly 13,200 in March 2025. Over the past month, it has declined about 1.95%, yet remains 3.7% higher year-on-year. The index’s estimated price-to-earnings (P/E) ratio of 21.2 indicates a moderate valuation relative to global peers.
Sector composition remains stable, with healthcare accounting for around 44%, consumer goods 23%, and financials 17% of the index. Major companies include Nestle (NESN), Novartis (NVS), Roche (ROGZ) and UBS Group (UBS) — large multinationals that continue to underpin Switzerland’s economic performance.
Swiss stock market drivers
Switzerland’s economy remains resilient, supported by low inflation, stable interest rates and prudent fiscal management. The Swiss National Bank (SNB) has maintained a measured policy stance amid global tightening, with inflation at 0.2% year-on-year in October 2025. Meanwhile, the Swiss franc continues to serve as a defensive currency, reflecting investor confidence in the country’s financial stability.Key sectors — particularly pharmaceuticals, financials and consumer staples — have continued to perform steadily, helping to cushion the market against wider volatility.
How to invest in Swiss stocks?
Market participants can gain exposure to Swiss equities through direct stock purchases, exchange traded funds (ETFs) or mutual funds.
Switzerland-based investors can buy shares listed on the SIX Swiss Exchange through authorised online brokers. Foreign investors may access Swiss equities via platforms that support international markets. Many major Swiss companies also have dual listings, improving accessibility — for example, UBS Group and Novartis trade on the New York Stock Exchange (NYSE), while Richemont and Lonza are listed in South Africa and Singapore, respectively.
ETFs and index funds provide a simple way to gain diversified exposure to Swiss companies. As of November 2025, the iShares MSCI Switzerland ETF (EWL) trades around $55, reflecting the broader market’s valuation profile. For targeted exposure, investors can explore sector-specific and thematic indices, including the SXI Life Sciences Index, SXI Bio+Medtech Index, SXI Switzerland Sustainability 25 Index, and SXI Real Estate Selected Funds Index. It’s important to review the latest constituent and sector weight data, as these change over time. Past performance is not a reliable indicator of future results.
Trading Switzerland stocks via CFDs
Contracts for difference (CFDs) provide an alternative route to speculate on price movements of Swiss equities without owning the underlying shares.
Capital.com offers access to a range of Swiss company CFDs, including Nestle, Novartis, UBS Group and others.
CFDs are traded on margin – leverage can amplify both profits and losses – and CFD positions may incur overnight and other associated fees.
Given these characteristics, CFDs are generally suited to short-term trading rather than long-term investing.
Key risks associated with Switzerland equities
The Swiss equity market remains stable yet exposed to global pressures. The downturns seen earlier in 2025 have mostly reversed, though investor sentiment remains cautious due to global monetary policies, European energy challenges and broader recession risks.
Equities are inherently volatile, with prices affected by company performance, corporate actions and governance developments.
The heavy weighting of healthcare and consumer sectors means that sector-specific trends can strongly influence the overall index.
Always remember that past performance is not a reliable indicator of future results.
Final thoughts on how to invest in Swiss stocks
Before engaging with the market, it’s important to conduct thorough research using reliable data and independent analysis. Understanding the risks associated with equities and leveraged instruments such as CFDs is essential. While Switzerland’s fundamentals remain robust, supported by low inflation and stable monetary policy, markets can still be unpredictable. Always approach trading with caution and avoid investing money you cannot afford to lose.
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FAQ
Can foreigners invest in the Swiss stock market?
Yes. Foreign investors can access Swiss equities through brokers that provide trading on the SIX Swiss Exchange or in dual-listed companies. Many Swiss firms maintain international listings, which increase accessibility — for example, UBS Group and Novartis are listed on the New York Stock Exchange (NYSE), while Richemont and Lonza have secondary listings in South Africa and Singapore.
Are Swiss stocks a good investment?
As of November 2025, the Swiss Market Index (SMI/CH20) trades around 12,305 points — about 3.7% higher year-on-year — following a record high of nearly 13,200 in March 2025. While the Swiss market remains supported by stable economic fundamentals, low inflation and moderate valuations, it has also seen periods of consolidation and slower growth amid cautious global sentiment. It’s important to carry out thorough research and due diligence before trading or investing, reviewing the latest data, company reports and independent analysis. Always remember that past performance is not a reliable indicator of future results, and never trade with money you cannot afford to lose. If you’re uncertain, consider seeking independent professional advice.
Where can I buy Swiss stocks?
Investors can buy Swiss shares through online brokers that offer access to the SIX Swiss Exchange or to companies with dual listings abroad. Platforms providing international equities typically include major Swiss names such as Nestlé, Novartis, Roche and UBS Group.