8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

______________________________

FORM 8-K

______________________________

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 15, 2012

THE SWISS HELVETIA FUND, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	005-53317	13 341 0232
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification No.)

1270 Avenue of the Americas, Suite 400
New York, New York	10020
(Address of Principal Executive Offices)	(Zip Code)
Registrant's telephone number, including area code: (212) 332-2760
______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]           Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

The Swiss Helvetia Fund, Inc. (the "Fund") will hold its Annual Meeting of Stockholders on June 20, 2012.  Attached are the presentation slides that the Fund intends to use at the Annual Meeting, a copy of which also will be available on the Fund's website (www.swz.com).  The Fund is furnishing the information in this Current Report on Form 8-K and in Exhibit 99.1 to comply with Regulation FD.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01, including Exhibit 99.1, is furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth in this Item 7.01 shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

Caution Concerning Forward-Looking Statements

Statements included in this Current Report on Form 8-K (including information incorporated by reference herein) and other statements that the Fund may make may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, which reflect the Fund's current views with respect to, among other things, its operations and financial performance.  You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versions of these words or other comparable words.  Such forward-looking statements are subject to various risks, uncertainties and assumptions.  Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from the results expressed or implied in any forward-looking statements made by the Fund in these communications.  These and other risks, uncertainties and assumptions are detailed in documents filed by the Fund with the Securities and Exchange Commission.  Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements.  The Fund undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

Item 9.01.  Exhibits.

(d)           Exhibit.

99.1—Presentation for Annual Meeting of Stockholders on June 20, 2012

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

THE SWISS HELVETIA FUND, INC.

Date:  June 15, 2012	By:       /s/ Rudolf Millisits
	Name:  Rudolf Millisits
	Title:     Chief Executive Officer

EXHIBIT INDEX

The following exhibits are filed herewith:

Exhibit	Exhibit Description
99.1	Presentation for Annual Meeting of Stockholders on June 20, 2012

EX-99.1

The Swiss Helvetia Fund, Inc.

Shareholders Meeting
New York, June 20, 2012

Agenda

Swiss Market Review & Analysis

SWZ Portfolio Review

Stock Repurchase Program - Basic Data

Private Equity - An Alternative Asset Class

Investment Strategy

Marketing

Market Price / NAV / Discount

World economy growth mediocre and falling back into a stalemate
scenario

•4 years after the financial crisis economies of developed countries remain below par:

üUS doing somewhat better than the others

•Global Manufacturing PMI slowed down in May to its lowest reading in five months:

üEurope remained the main drag falling to three-year lows

NB: ECB usually reacts when PMI is below 47

üSigns of slowdown in the U.S. and Asia (conditions deteriorated in China)

üGlobal growth of new orders remained lackluster, while global manufacturing production increased

üMarked drop in inflationary pressures due to recent reductions in some commodities’ prices

Source: BLOOMBERG

Purchasing Managers Index Manufacturing (PMI)

4

Risky assets impacted by very negative global economic surprises

•The Citigroup Economic Surprise Indices:

•Weighted historical standard deviations of data surprises (actual releases vs Bloomberg survey median)

•Pointed out to substantial disappointments in terms of economic surprises in US, Europe, China and Emerging
markets that led to the recent risky assets correction

•Worst macro surprises data in 3 years

•Equity markets had recovered substantially since last November through March but were slightly overbought

Citigroup Economic Surprise Indices US, Euro, China and EM

Source: BLOOMBERG

… and Eurozone GDP growth still impacted by the tightening of credit
conditions

•ECB’s Bank Lending Survey showed continued tightening credit standards by euro banks as they are deleveraging:

üAlbeit in a less aggressive and broad-based manner than in the prior three months:

ØLTRO prevents liquidity squeeze and softens credit conditions in Q1 2012

ØPressuresfrom cost of funding and balance sheet constraints are reduced

üBank loan officers expect credit standards to remain little changed in Q2:

ØDemand for household credit should fall further in Q2, albeit far less sharply than in Q1

ØBut a small net increase in business demand for loans/credit is reported

Changes in quarterly demand for loans or credit lines to enterprises (green) & Eurozone GDP growth YOY

Source: BLOOMBERG

6

… risk aversion is back especially in the banking sector

•The mean for global equities has reversed to the 200 day moving average with emerging markets lagging both US and
European equity markets year-to-date

•Risk-on rally ended abruptly on the back of Spanish public deficit and Greek elections

•Fears of renewed European crisis will reinforce pro-growth policies supporting global equities if the contagion from Greece is
avoided

•Political negotiations will probably end-up with a restructuration of the Greek debt

•Global equity markets could rebuild some potential when looking at the very high equity risk premium

Source: BLOOMBERG

Volatility of the S&P 500, Euro Stoxx 50 and SMI indices

Underlying pace of global economic growth lukewarm - Part II

9

European sovereign debt crisis

•EU-wide coordination of domestic bank regulatory frameworks into a European banking union

•European banking supervision to avoid moral hazard and thus transfer of sovereignty:

•Reluctance of some governments

•Increasingly stressed by the European Commission and the ECB

•Ireland: over 60% approved the Irish referendum on the EU fiscal compact

•ECB: still reluctant to further increase the size of its balance sheet amounting to 30% of Eurozone GDP

•Eurozone main issue : grouping in a single monetary union economies whose per capita income, productivity, labor market,
current account and social system are not similar

•Current account and competitiveness: key issues to address and more adjustment expected

•Greece and Portugal remain an issue in terms of long run solvency

Two scenarios

Spain: too big to fail

Switzerland leading in key worldwide indicators

WORLD BANK INDEX

Government Efficiency

-2.5 (weak) - +2.5 (strong)

Swiss consumer sentiment stabilizing

•Sustained private consumption stance on the back of:

üRetail sales reached new all-time high, while posting a slight positive growth in April

Øsigns of slowing momentum after 7 month of positive yearly growth rate

•Consumer confidence recovered from depressed levels late last year on the back of:

üSolid real income growth

üHistorically elevated savings rates

üSolid state of the Swiss labor market

üSustained Swiss housing prices

Consumer Sentiment Indicators (Switzerland, US and Eurozone)

Source: BLOOMBERG

Swiss GDP growth encouraging

Source: BLOOMBERG

Swiss GDP growth yoy & PMI

SNB 1.2 EUR/CHF under pressure but resilient

14

SNB inflation forecasts

Agenda

Macro-Economic Conditions

SWZ Portfolio Review

Stock Repurchase Program - Basic Data

Private Equity - An Alternative Asset Class

Investment Strategy

Marketing

Market Price / NAV / Discount

16

Swiss Equity Valuations

17

Bloomberg estimates

Sector Valuation

Agenda

Macro-Economic Conditions

Swiss Market Review & Analysis

Stock Repurchase Program - Basic Data

Private Equity - An Alternative Asset Class

Investment Strategy

Marketing

Market Price / NAV / Discount

20

SWZ Sector Exposure Sector Weight versus SPI as of 06/08/12

SWZ Total Return Comparison versus SPI

12/31/10-12/31/11 (CHF) Monthly Data and Cumulative Spread

21

SWZ Total Return Comparison versus SPI

22

SWZ shareholders' return analysis

YTD 12/31/11 - 5/31/12 (USD)

S&P 500 total return :+ 5.16 %

23

SWZ shareholders’ return analysis1 year 12/31/10 - 12/31/11 (USD)

S&P 500 total return :+2.11 %

24

25

Agenda

Macro-Economic Conditions

Swiss Market Review & Analysis

SWZ Portfolio Review

Stock Repurchase Program - Basic Data

Investment Strategy

Marketing

Market Price / NAV / Discount

•Opportunities in private equity and venture capital financing in different industries and
various stages of development

•Closely networked, internationally oriented and infrastructure to support transactions

•Strong expertise in certain niche markets with the predominance of mid-market segments,
going along with reasonably priced transaction

•SWZexposure in private equity is balanced between investments in Funds and direct holdings

•European economic environment has slow down the private activity. Exit opportunities
through IPOs remains very challenging and M&A activity has not recovered

Attractiveness of Switzerland for Private Equity

27

SWZ Exposure to Private Equity

•Private equity exposure has increased from 6% in ‘11 to 8% of the NAV of the Fund in June ‘12

•Diversification through investments in funds and in direct holdings

•Buy out and late stage ventures create investment opportunitiesacross investment cycles

•Limited Partnerships totaling investment of CHF 13mn (5%) with total commitment of CHF
17mn, unchanged from 2011

üZurmont Madison Private Equity LP

-Portfolio companies invested in mid-sized industrial and consumer goods companies

-Investment focus on MBOs, successions and corporate spin offs

üAravis LP

-One of the most active venture capital in the Swiss market

•Illiquid direct Investments totaling investments of CHF15mn (4.5%)

üSix different holdings

üOne exit in ‘11 through the merger with a listed company on the Finnish stock exchange

28

29

SWZ 2012 performance review YTD (as of 6/8/12)

without private Equity

30

SWZ 2012 performance review YTD (as of 6/8/12)

with private Equity

Agenda

Macro-Economic Conditions

Swiss Market Review & Analysis

SWZ Portfolio Review

Stock Repurchase Program - Basic Data

Private Equity - An Alternative Asset Class

Marketing

Market Price / NAV / Discount

Market environment

32

Market outlook : scenario analysis

Scenarios outcomethe market most likely prices in

Markets already price in returns that are skewed on the downside because

of macro imbalances are clearly visible although their severity is quitedifficult to assess :

as a consequence downside appears limited but fat tails are larger than in the past

Portfolio strategy is to have:

A) Core holdings in defensive sectors even though relative valuation is high

B) Satellite holdings with higher earnings volatility and medium to low balance sheet risk
because their relative valuation is very low, exposures to these holdings depends on underlying

industry cycles

34

Investment Strategy

35

36

Investment strategy : valuation - main holdings as of 6/8/12

37

Investment strategy : valuation - main holdings as of 6/8/12 (II)

Agenda

Macro-Economic Conditions

Swiss Market Review & Analysis

SWZ Portfolio Review

Private Equity - An Alternative Asset Class

Investment Strategy

Marketing

Market Price / NAV / Discount

SWZ 25 Years Distribution History(USD)

39

*two for one stock split

*

SWZ 25 Years Distribution History(USD)

Total contributions by shareholders	299,483,721.16
Dividend Reinvested	75,877,681.71
Buy-backs	(91,964,914.30)
Total Net contributions by shareholders	283,396,488.57
Total distributions to shareholders	434,942,562.02

40

Stock repurchase program 2009 - 2011

41

Agenda

Macro-Economic Conditions

Swiss Market Review & Analysis

SWZ Portfolio Review

Stock Repurchase Program - Basic Data

Private Equity - An Alternative Asset Class

Investment Strategy

Market Price / NAV / Discount

43

•On July 30, 2011 The Fund participated in Swiss National Day 2011 which was organized by
the Swiss Benevolent Society of New York (SBS). The SBS sent out 9,000 flyers advertising
the event which was held at the Central Park Zoo in New York City, and was attended by
approximately 2,500 people.Three representatives of the Fund manned an information
booth handing out SWZ quarterly reports, logo key chains and historical information on the
Fund.Many attendees showed interest in the Fund’s investment strategy.

•Ongoing efforts in keeping www.swz.com up to date with current news and statistics

•Conducted Shareholder visits

Marketing efforts since June 2011

Agenda

Macro-Economic Conditions

Swiss Market Review & Analysis

SWZ Portfolio Review

Stock Repurchase Program - Basic Data

Private Equity - An Alternative Asset Class

Investment Strategy

Marketing

45

Basic data