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Sovereign Wealth Funds Briefing - Categorized | Market

SNB to become a sovereign wealth fund

Posted on 02 May 2013

The SNB looks to have sold core euro assets in Q1 and used these funds to increase equity exposure in other countries and in the Nikkei. The other countries are said to comprise of Australia, Sweden, Denmark, Singapore and South Korea.
The big story for SNB Q2 reserves is the Fitch downgrade of the UK meaning a large decline in triple A rated fixed income assets. No doubt the SNB were getting twitchy around the Cyprus debacle when the currency was approaching 1.2100. There‚Äôs always talk that they are in the market propping up large falls but obviously these are less frequent the further we get from the peg………………………………………..Full Article: Source


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