First Trust Switzerland AlphaDex ETF (FSZ) - NASDAQ
  • Fri, Jan. 8, 3:20 AM
    • The Swiss National Bank incurred a record loss of 23B francs ($23B) last year after the central bank's costly decision to abandon its currency cap against the euro.
    • While the appreciation of the franc that followed the Jan. 15 decision resulted in a loss of 20B francs on its foreign-currency positions, the SNB still plans a payout and dividends to the federal government and cantons.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Fri, Jan. 8, 3:20 AM
  • Dec. 10, 2015, 4:45 AM
    • The Swiss National Bank left its interest rates unchanged in negative territory today, declaring that it would remain active if necessary to weaken the highly-valued Swiss franc.
    • "Despite depreciating somewhat in recent months, the franc is still significantly overvalued," the central bank said in a statement.
    • The SNB kept its target range for three-month Libor at between -1.25% and -0.25%, and maintained a -0.75% interest rate on sight deposits.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Dec. 10, 2015, 4:45 AM | 2 Comments
  • Oct. 30, 2015, 4:14 AM
    • Switzerland's central bank is still digging itself out of a hole, but a Q3 profit helped reduce some of its record first-half loss.
    • Blighted by its foreign-currency holdings, the SNB reported a loss of 33.9B francs ($34B) for the first nine months of the year, following the removal of the franc's currency cap in January and subsequent intervention.
    • Results showed this has come at a considerable cost to the central bank, which previously warned shareholders it may not be able to maintain its regular payout policy.
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Oct. 30, 2015, 4:14 AM
  • Sep. 17, 2015, 4:00 AM
    • It looks like the the Swiss National Bank is done with its surprises for the year. As widely expected, the central bank kept its benchmark interest rate on hold today at a record low of -0.75%.
    • In January, the SNB roiled markets by removing the upper limit on the Swiss franc, allowing it to massively appreciate.
    • "Overall, the Swiss franc is still significantly overvalued, despite a slight depreciation," the central bank said. "Negative interest rates and the SNB's willingness to intervene as required make investments less attractive...easing pressure on the franc."
    • ETFs: FXF, EWL, SWZ, FSZ, HEWL
    | Sep. 17, 2015, 4:00 AM | 1 Comment
  • Jun. 18, 2015, 4:13 AM
    • The Swiss franc extended its upbeat momentum this morning, despite the Swiss National Bank maintaining its deposit rate at a record low of -0.75% and warning it's ready to take further action to reduce the impact of the overvalued franc.
    • Consumer prices are falling and the Swiss economy is on the verge of its first recession in six years after the SNB's shock decision to unpeg its currency from the euro in January.
    • Since then, the franc has risen 15%, undermining exports and pushing down import costs.
    • Franc +0.3% to $1.0881.
    • ETFs: FXF, EWL, SWZ, FSZ
    | Jun. 18, 2015, 4:13 AM
  • May 29, 2015, 2:39 AM
    • Switzerland's economy contracted the most since the financial crisis in Q1 as the strong franc took a toll on exports.
    • Gross domestic product fell by 0.2% in the first three months of 2015 compared to revised growth of 0.5% in the prior period.
    • The outlook for the economy suffered a blow in January when the Swiss National Bank removed its currency cap, causing the franc to rally 15% vs. the euro during the quarter.
    • ETFs: FXF, EWL, SWZ, FSZ
    | May 29, 2015, 2:39 AM | 2 Comments
  • Feb. 7, 2015, 2:11 PM
    • The Swiss National Bank had no option but to exit its minimum exchange rate policy as "the international environment had changed," said the head of the central bank, Thomas Jordan, citing the ECB’s new QE policy.
    • This would have put "enormous pressure on the franc" and forced the SNB to buy around 100B francs' ($108M) worth of foreign currency a month to defend the cap of 1.20 francs to the euro, he added.
    • The SNB unexpectedly scrapped its cap on the franc last month, sending the Swiss stock market plunging and pushing the franc to record highs.
    • "Economic growth will certainly be weaker than we forecast in December, and its possible we could have one or two quarters of negative quarterly growth," warned Jordan.
    • ETFs: FXF, EWL, FSZ, FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | Feb. 7, 2015, 2:11 PM | 8 Comments
  • Jan. 30, 2015, 5:41 AM
    • Heightening the risk of a slide toward deflation, Eurostat today reported the largest decline in consumer prices in the eurozone since July 2009.
    • Consumer prices were 0.6% lower than in January 2014, having fallen 0.2% on an annual basis in December.
    • The plunge in consumer prices is unlikely to have an immediate effect on the ECB's €60B/month QE package, although the longer prices stay in negative territory, the more pressure the central bank will have to extend the program.
    • FTSE 100 -0.6%; DAX -0.5%; CAC 40 -0.7%; Euro Stoxx 50 -0.5%.
    • ETFs: EWG, GREK, EWI, EWL, EWD, EWQ, EPOL, PLND, EWO, EWN, EWK, EDEN, PGAL, DBGR, DAX, DXGE, EFNL, FGM, FSZ, QDEU, HEWG
    | Jan. 30, 2015, 5:41 AM | 5 Comments
  • Jan. 19, 2015, 6:19 AM
    • After taking a beating last week following the SNB's surprise move to abandon the franc’s cap, Swiss stocks regained some stability today, with the Swiss Market Index up 3.2%.
    • Following the decision, the SMI plunged over 14% through Friday while the franc soared.
    • The franc still remains pinned at sky-high levels, hovering around one-to-one against the euro.
    • ETFs: FXF, EWL, FSZ
    | Jan. 19, 2015, 6:19 AM
  • Jan. 16, 2015, 3:51 AM
    • Sovereign bonds rallied across Europe and Swiss stocks tumbled for a second day after the SNB surprised markets on Thursday by abandoning the franc’s cap.
    • Yields on 10-year notes from Germany, France and the U.K. dropped at least two bps this morning, while rates on Australian and Japanese debt touched record lows.
    • The Swiss Market Index is now down 4%, after slumping 8.7% yesterday, its biggest one-day drop since 1989.
    • ETFs: EWL, FSZ
    | Jan. 16, 2015, 3:51 AM | 1 Comment
  • Nov. 21, 2014, 7:27 AM
    | Nov. 21, 2014, 7:27 AM | 10 Comments
  • Jun. 5, 2014, 7:55 AM
    | Jun. 5, 2014, 7:55 AM
  • May 19, 2014, 4:44 AM
    • Swiss voters have overwhelmingly rejected a proposal to institute a minimum wage of 22 Swiss francs ($25) an hour, which would have been the highest in the world. Over 76% of voters cast a "no" ballot.
    • "It's a strong sign to Switzerland as a center of employment," Economy Minister Johann Schneider-Ammann said. "Accepting the initiative would have led to job cuts in economically weak, rural areas."
    • Major corporations that could have been affected by a "Yes" vote include UBS (UBS), Credit Suisse (CS), Roche (RHHBY), Novartis (NVS), ABB (ABB), Glencore Xstrata (GLCNF) and Nestle (NSRGY).
    • Switzerland's SMI index is -0.8%, while the USD-CHF is -0.1% at 0.8914 francs.
    • ETFs: FXF, EWL, FSZ
    | May 19, 2014, 4:44 AM | 1 Comment
  • May 18, 2014, 2:29 AM
    • The Swiss are going to the polls today to vote on whether to approve a minimum wage of 22 francs ($25) an hour, which would be the highest in the world.
    • The measure would affect the one-in-ten workers who earn below the 4,000 francs that the initiative stipulates.
    • Businesses are against the union-backed proposal, saying it would force more people into part-time jobs and increase Switzerland's 3.2% unemployment rate. Polls show 64% of voters are against the initiative.
    • Still, major corporations that could be affected include UBS (UBS), Credit Suisse (CS), Roche (RHHBY), Novartis (NVS), ABB (ABB), Glencore Xstrata (GLCNF) and Nestle (NSRGY).
    • The referendum is the latest nationwide ballot relating to business. In March last year, voters authorized giving shareholders more say over executive pay but rejected a measure in November to cap management salaries.
    • The Swiss are also voting today over whether to spend 3.1B francs on 22 new Saab (SAABF) fighter jets.
    • ETFs: FXF, EWL, FSZ
    | May 18, 2014, 2:29 AM | 38 Comments
  • Nov. 28, 2013, 2:05 AM
    • Swiss Q3 GDP +0.5% on quarter vs +0.5% in Q2 and consensus of +0.4%.
    • On year, GDP +1.9% vs +2.5% and +1.7%
    • Household consumption +0.2% on quarter, construction investment +1%, and exports of goods +0.5% following a long period of relative stagnation.
    • The USD-CHF is flat at 0.908 francs, while SMI stock futures are also little changed. (PR)
    • ETFs: FXF, EWL, FSZ
    | Nov. 28, 2013, 2:05 AM
  • Nov. 25, 2013, 3:15 AM
    • Voters in Switzerland - home to at least five of Europe's 20 best-paid CEOs - have rejected a proposal by a margin of around 2-1 to cap the salary of company bosses at 12 times that of their lowest-paid staff.
    • Firms that would have been affected by a yes vote include UBS (UBS), Credit Suisse (CS), Roche (RHHBY), Novartis (NVS), ABB (ABB), Glencore Xstrata (GLCNF) and Nestle (NSRGY).
    • The referendum came after the Swiss electorate approved a proposal in March to give shareholders a binding vote on the pay of senior managers.
    • ETFs: EWL, FSZ
    | Nov. 25, 2013, 3:15 AM
FSZ Description
The First Trust Switzerland AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the NASDAQ AlphaDEX® Switzerland Index.
See more details on sponsor's website
Country: Switzerland
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub