SNB’s U.S. Equity Holdings Hit Record $54.5 Billion Last Quarter
- Swiss central bank held shares in some 2,600 U.S. companies
- SNB says investments designed for monetary policy, not profit
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The Swiss National Bank’s U.S. stock portfolio rose to $54.5 billion francs at the end of March as the central bank boosted the proportion of equities in its foreign exchange reserves.
The value of the SNB’s U.S. holdings increased by 32 percent in the first quarter, from $41.3 billion at the end of last year, according to calculations by Bloomberg News based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on Wednesday. The S&P 500 rose 0.8 percent over that period.