Helvetia safety cushion: Swiss quality after the tariff shock

Conservative CHF portfolio created in September 2025 after a turbulent summer: the USA imposed a 39% tariff on Switzerland on 2025-08-01 (Reuters, 2025-08-01), the SNB cut the key interest rate to zero on 2025-06-19 and Nestlé fired its CEO on 2025-09-01 due to an undisclosed relationship. These are exactly the kinds of moments I buy: global market leaders with Swiss franc balance sheets who have hardly any alternatives to zero-interest bonds. The goal is a 4-5% dividend yield plus moderate price gains over 5+ years, no price rockets. The portfolio is deliberately diversified across pharmaceuticals, insurance, industry and food; UBS is the only cyclical bet. It is not a trading portfolio and is only touched once a quarter at most.