SNB reaps benefit of rallying US market


Swiss central bank owns record US$162bil in US stocks

ZURICH: The Swiss National Bank (SNB) owned US equities worth a record US$162bil (RM683.57bil) as of end June, reaping the benefits of a rallying market.

Data published showed the SNB held shares in 2,642 companies, including a US$6bil (RM25.31bil) stake in Amazon Inc and one worth US$1.1bil (RM4.64bil) in Exxon Mobil Corp.

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