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Under normal market conditions, the Fund invests at least 80 percent of its assets in the component securities of the FTSE Switzerland Capped Index and in depositary receipts representing such securities. The FTSE Switzerland Capped Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25 percent of the FTSE Switzerland Capped Index weight, and all issuers with weights above 5 percent do not cumulatively exceed 50 percent of the FTSE Switzerland Capped Indexs weight. The FTSE Switzerland Capped Index is based on the FTSE Switzerland Index and is designed to measure the performance of Swiss large- and mid-capitalization stocks. FTSE Russell determines eligible securities for the FTSE Switzerland Capped Index based on measures such as the companys place of incorporation, listing country, investor protection regulations present in the country of incorporation, tax domicile, location of headquarters/factors of production and currency of denomination.

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Switzerland&#39;s central bank, the Swiss National Bank, has left the policy rates unchanged at minus 0.75%, maintaining the expansionary monetary policy in its interest rate decision Thursday.

Swiss National Bank Leaves Policy Rates Unchanged at -0.75%

Switzerland&#39;s central bank, the Swiss National Bank, has left the policy rates unchanged at minus 0.75%, maintaining the&nbsp;<a href="https://www.snb.ch/en/mmr/reference/pre_20200924_1/source/pre_20200924_1.en.pdf">expansionary monetary policy</a> in its interest rate decision Thursday.

&quot;The coronavirus pandemic continues to exert a strong influence on economic developments. The SNB is therefore maintaining its expansionary monetary policy,&quot; SNB said in a statement. &quot;In so doing, it aims to cushion the negative impact of the pandemic on economic activity and inflation.&quot;

The bank has left the sight deposits rate unchanged at minus 0.75% as it seeks to stabilize economic activity and price developments in Switzerland.

&quot;The inflation outlook is subject to unusually high uncertainty,&quot; SNB said. The short-term inflation forecast is higher compared to June due to the rise in oil price, but the long-term inflation forecast is unchanged.

SNB estimates minus 0.6% inflation in the current year, 0.1% in 2021, and&nbsp;0.2% in 2022.

The bank said it would intervene in forex markets as it deems necessary.

USD/CHF rate is up 0.10% to 0.9247.

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Latest Franklin FTSE Switzerland ETF News | ARCA:FLSW | Benzinga

Thursday, September 24, 2020

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