SNB’s U.S. Equity Holdings Hit Record $61.8 Billion Last Quarter
- Swiss central bank held shares in nearly 2,600 U.S. companies
- SNB investments for monetary policy, not primarily for profit
Downtown Zurich, Switzerland.
Photographer: Alessandro Della Bella/BloombergThis article is for subscribers only.
The value of the Swiss National Bank’s U.S. stock portfolio jumped to a record in June, helped by equity market gains.
The holdings climbed to $61.8 billion from $54.5 billion at the end of March, according to calculations by Bloomberg based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on Wednesday. SNB spokesman Walter Meier declined to comment on the filing, which is the only detailed disclosure by the central bank of its equity portfolio.