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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Swiss National Bank: “No wealth fund”

Posted on 26 June 2012

Swiss politicians have proposed the SNB create a sovereign wealth fund for its vast foreign exchange reserves to boost returns. The SNB suffered a huge loss in 2010 after intervening to stem the franc’s rise against the euro.
Echoing comment made by SNB chairman Thomas Jordan on June 14, Danthine rejected the SWF idea, saying it would not be insulated from fluctuations in the exchange rate and could hamper the SNB withdrawing liquidity when necessary………………………………………..Full Article: Source


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