SNB’s U.S. Equity Holdings Climb to a Record $94 Billion
SNB’s U.S. Equity Holdings Climb to a Record $94 Billion
(Bloomberg) --
The value of the Swiss National Bank’s U.S. stock portfolio gained 1.5% in the third quarter to touch an all-time high of $94 billion.
The holdings, which include Facebook Inc., Apple Inc. and Johnson & Johnson, are a result of the SNB’s huge currency interventions over the past decade to stem the franc’s rise.
The SNB tracks broad indexes with its investments, rather than picks stocks to generate a profit. The U.S. regulatory filing is the only listing available of its individual holdings.
A spokeswoman for the central bank declined to comment.
To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net
To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net
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