Like a Fine Watch, a Swiss Fund

I recently purchased a longer term position in the Swiss Helvetia Fund (SWZ). SWZ is a non-diversified, closed-end fund that invests in equity and equity-linked securities of Swiss companies. Here are some reasons I like SWZ:

1) Discount to NAV yesterday was 12.9%. The annual expense ratio is 1.10%. A discount/expense ratio of 10 times or more is generally attractive.