The Swiss Franc Offers A Refuge In Times Of Conflict
The Swiss franc is the national currency of scenic Switzerland, a country that is known for its neutrality in international conflict, for its clockwork-like efficiency and for its reputation as a safe haven for protecting assets.
Investors who are extremely wary about the volatility of the stock market may opt to try to safeguard some of their money by purchasing Swiss francs through an exchange-traded fund (ETF), such as PowerShares CurrencyShares Swiss Franc Trust (NYSE:FXF). However, currency investing is a zero-sum game in which one form of money rises at the expense of another, so the usually modest gains and losses of currencies typically are fairly minor compared to the wide swings that can occur in a topsy-turvy stock market. Unlike the U.S. dollar, which has been trending up in recent weeks, the Swiss franc has been losing value lately. The retreat of the “Swissie,” the nickname for the currency not only of Switzerland but of neighboring Liechtenstein, had “gone largely unnoticed” by the market, particularly against the backdrop of rising tensions around global trade and protectionist policies of industrialized countries, according to a recent Bank of America research report. #swissfranc#refuge#conflict#powershares#currencyshares#stockinvestor#NYSE#etf @
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I met Tom Lehman 8 years ago in a pizza parlor in Arizona when I first started playing professionally, and first thing he said was to stick to my dreams and never give up⛳️ Needless to say, this picture was just a snapshot of the words I've held onto forever....thank you:) #championstour#losangeles#sherwoodcc#powershares#dream
Smooth little 300 yards!! 💪🏼💪🏼🦁Awesome getting to watch some great golf swings from not only @pga_johndaly but other great Champions Tour Players here at The PowerShares QQQ Championship⛳️ #sherwoodcc#powershares#losangeles#championstour @lucydaviesgolf
Crazy long day. Up at 5am to get to stringing for the Power Shares Tennis Event in Thousand Oaks. Really wonderful day, a bit hot but nice nonetheless. Always a pleasure Stringing for Roddick, Blake, Chang, and Fish.
That one time I hit a volley winner on John McEnroe 💁🏼 seriously one of the highlights for me last night at the @powersharestennis event at @libertyuniversity •
Thank you @bencrosswhite for capturing this awesome moment 😄🎾💪🏽
We hear James Blake and Marty Fish are on the @winstonsalemopen practice courts (w/ Taylor Fritz) in prep for tonight's @powersharestennis battle. Who do you think will win? Action starts tonight at 7pm. Andy Roddick will battle Michael Chang just after. #wsnc#myws#atp#tennis#wsopen#powersharesseries#powershares
Jim Courier, a former @atpworldtour World No. 1 and 4-time Major Singles Champion, sets-up to smash a forehand during his @powersharestennis match against Mardy Fish in Newport, Rhode Island on July 23. #JustinCohenPhotography