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This Article is From Nov 12, 2019

SNB’s U.S. Equity Holdings Climb to a Record $94 Billion

(Bloomberg) --

The value of the Swiss National Bank's U.S. stock portfolio gained 1.5% in the third quarter to touch an all-time high of $94 billion.

The holdings, which include Facebook Inc., Apple Inc. and Johnson & Johnson, are a result of the SNB's huge currency interventions over the past decade to stem the franc's rise.

The SNB tracks broad indexes with its investments, rather than picks stocks to generate a profit. The U.S. regulatory filing is the only listing available of its individual holdings.

A spokeswoman for the central bank declined to comment.

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net

To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net

©2019 Bloomberg L.P.

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