SNB’s U.S. Stock Holdings Hit $62.4 Billion as Growth Slows
- Swiss central bank held shares in some 2,500 U.S. companies
- SNB invests for monetary policy, not primarily for profit
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The value of the Swiss National Bank’s portfolio of U.S. equities rose nearly 1 percent to a record in the three months through September on the back of rallying share prices.
The holdings increased to $62.4 billion from $61.8 billion at the end of June, according to calculations by Bloomberg based on the central bank’s regulatory filing to the U.S. Securities and Exchange Commission and published on Monday. That is the slowest quarterly increase in a year.