Buying a Swiss Mega Health Company

Today I trimmed 40% of my holding in Eli Lilly and Co (LLY) lockin in a 10.29% gain. I initiated a small position in Roche Holding AG @ 265,35 CHF – a Swiss mega health company.

With this trade, I diversified my portfolio further and also into the Swiss Franc. Healthcare is now about 10.1% of the portfolio and Roche Holding AG is about 2.1% of the portfolio.

About Roche Holding AG

Roche Holding AG develops and manufactures pharmaceutical and diagnostic products. The Company produces prescription drugs in a many areas.

F. Hoffmann-La Roche & Co., founded at a time when the industrial revolution was changing the face of Europe. On October 1, 1896, at the age of 28, Fritz Hoffmann-La Roche launched his company as the successor company to Hoffmann, Traub & Co in Basel, Switzerland. He was among the first to recognize that the industrial manufacture of medicines would be a significant advance in the fight against diseases. Since then, Roche has grown into one of the world’s leading healthcare companies.

The company has a market cap of about CHF 229 billion.

Leave a Reply

Your email address will not be published. Required fields are marked *