SNB U.S. Equity Holdings Hit $63 Billion Record on Market Rally
- Swiss central bank held shares in nearly 2,600 U.S. companies
- SNB invests for monetary policy, not primarily for profit
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The Swiss National Bank’s portfolio of U.S. equities crept up 1.6 percent to yet another record in the final three months of last year as the stock marked rallied.
The holdings increased to $63.4 billion from $62.4 billion at the end of September, 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. The portfolio, which tracks indexes, has gained in value over the years, on the back of SNB interventions and a rise in share markets.