The SNB may have to sell part of its >$100 bn US stock portfolio

Author: Eamonn Sheridan | Category: Central Banks

An ICYMI on the Swiss National Bank and the campaign being waged in Switzerland to ban it from investing in defence companies.

  • A referendum will go to voters, current polling show 54% are in favour of the limit on such investments
  • The SNB and pension funds would be prohibited from providing financing for a company that derives more than 5% of revenue from arms sales
  • Estimates from the SNB are it would be forced to liquidate its holdings in around 300 companies, which account for just over 10% of the value of its global stock portfolio.
The vote is on November 29.

An ICYMI on the Swiss National Bank and the campaign being waged in Switzerland to ban it from investing in defence companies.


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