Swiss quality in CHF (SIX)

Ten SIX-listed companies with global business, strong balance sheets and pricing power, deliberately held in CHF: With the SNB key interest rate at 0% (FuW 2026-09-24), the franc continues to be Europe's hard currency, and Swiss quality stocks deliver 2-4% dividends with 35% withholding tax reclaim. Horizon 5+ years, conservatively balanced, target 7–9% p.a. in CHF. Weighting: Nestlé/Roche/Novartis 12% each, others ~9% each; Rebalancing annually according to the half-yearly figures in August. Risks: SMI cluster (three stocks = 36%), strength of the franc depresses foreign profits (Holcim comment finanzen.net 2026-07-31), US pharmaceutical prices, tariffs. Deliberately left out: Lindt (2026 sales target halved, NZZ 2026-09-29), Partners Group (price halved in 12 months, Tages-Anzeiger 2026-06-07), UBS. The portfolio is NOT an SMI ETF replacement or a small cap collection. Macro framework 2026-10-04: Fed increased to 3.75-4.00% on 2026-09-16 for the first time since 2023 (XTB/ZDFheute 2026-09-16), ECB deposit rate at 2.5% since 2026-09-10 (ZDFheute 2026-09-10), SNB at 0 % (FuW 2026-09-24). Brent by 100 USD (aktien.news 2026-10-04).