SNB board member speaks on ‘very limited' ethical investment programme
Swiss National Bank's definition of liquidity has evolved to let it invest in equities
Fritz Zurbrügg, a member of the Swiss National Bank (SNB) governing board, has given a speech outlining the limits and challenges of the bank's evolving investment strategy – including more details on its new approach to ethical investing.
Addressing the SNB's money market event in Zurich, he said the SNB's defence of the ceiling of 1.20 Swiss francs to the euro meant that since 2009, the central bank's currency reserves have increased by a factor of about six, and the foreign exchange reserves
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