SNB expands equity holdings in ethical investment drive
Central bank held $77 billion in equities at end of 2013
The Swiss National Bank (SNB) increased its equity portfolio to 68.2 billion francs ($77.2 billion) in 2013, an increase of 16.1 billion francs ($18.2 billion) from 2012, according to its latest annual report, released today.
The SNB looks to attain "an appropriate diversification of its currency reserves", to which end it increased the total share of equities in its foreign currency investments from 12% to 16% in 2013.
It also made a number of changes to the composition of its equity portfolio
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