SNB's U.S. Stock Portfolio Hit Record $84.3 Billion in June
- SNB makes regular filing on its U.S. company holdings to SEC
- Central bank reserve management subordinate to monetary policy
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The Swiss National Bank’s U.S. equity holdings gained almost 5 percent in value to hit a fresh record in the second quarter, thanks to a buoyant stock market.
The portfolio increased to $84.3 billion from $80.4 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 published on Wednesday. The value of the SNB’s U.S. share holdings has risen over the years as its pile of foreign-exchange reserves expands and thanks to rallying markets.