SNB’s US Stock Portfolio Hit New Record in Second Quarter

The Swiss National Bank's foreign-exchange reserves, specifically invested in US stocks, surged over 10% in the second quarter, hitting an all-time high. This significant growth reflects the bank's confidence in the US market and its potential for continued gains. Such a substantial increase in investment underscores the broader trend of global financial institutions increasingly favoring US equities due to their perceived stability and growth prospects. For the SNB, this move could have implications for Switzerland's economic influence and its currency's value on the international stage.