• valuation gain on FX CHF 1.74 bln
  • valuation gain on Gold CHF 2.63 bln

Swiss National Bank reporting

  • Q1 USD holdings 27% as Q4
  • EUR 47% vs 48% Q4
  • GBP 7% as prev
  • JPY 8% as prev
  • CAD 4% as prev
  • Govt bonds 74% of Q1 assets vs 16% in Q4
  • Equities 15% vs 16% prev
  • 66% of Q1 fixed income assets are AAA vs 70% in Q4
  • 26% are AA vs 24% prev