logo |

News

    Home   >     Industry    >     Main body

    Express
    Previous Post： Confused about various types of forex brokers? Helps you understand brokers in 3 mins! Part 2 Next： Want to avoid or expose illegal brokers? Follow WikiFX -top forex media exposing illegal brokers

    SNB Raised Bets on US Tech Stocks in Q1,2020

    WikiFX   |   2020/5/16 7:00:00
    Abstract：Hit by the coronavirus pandemic, Swiss National Bank(SNB) lost US$39.34 billion in Q1, 2020, the heaviest quarterly loss since its establishment in 1907.

    　　Hit by the coronavirus pandemic, Swiss National Bank(SNB) lost US$39.34 billion in Q1, 2020, the heaviest quarterly loss since its establishment in 1907.

    　　SNB‘s report released last month showed that in the past 5 years, the value of US stocks held by the bank more than tripled from US$26.7 billion in December, 2014 to US$97.5 billion in December, 2019. The stock market plunged over 30% after reaching a historical high in Q1, 2020, but compared with Q4 last year, the total value of SNB’s stock assets didnt shrink too much in Q1, 2020, as the bank had made the right bet.

    　　During the stock market crash, SNB increased stepped up US stock holdings by around 22%, particularly favoring stocks of the technology sector. SNBs latest SEC Form 13F shows that as of March 31st, the bank owns US$4.5 billion of stocks from Microsoft, 4.4 billion from Apple, 3.2 billion from Amazon, 1.6 from Google and 2.7 billion from Facebook. The 5 technology giants account for over 20% in S&P 500 Index, and they have gained over 10% year to date while the rest of the market slumped 13%. In a time when even Warren Buffet is selling stock assets and shunning risks, SNB, though inevitably suffering significant losses, has managed to avoid systematic breakdown by betting wisely on technology stocks.

    圖片1.png

    Latest News

    Rate Calc

    Singapore Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  ：
    --
    Amount
    Singapore Dollar
    Available
    -- United States Dollar

    You may also like

    Select Country/Area

    About Us| Risk Warning| Terms of Use| Privacy Policy| Search call| Official Verification

    You are visiting the website of WikiFX. In addition, its website and mobile product—WikiFX, is a global inquiry tool for enterprise profile that is operated by Wiki Co., LIMITED (Registration No.2806237) based in Hong Kong Special Administrative Region of China. Users should comply with the law of their countries/regions.

    Feedback WeChat:fxeye005, fxeye003

    Customer Service Phone Number：（中）4006888219;（En）+86 17126630052;（HK）+00852 54200870

    Copyright©2021 Cipher Group Limited All rights reserved.

    License or other information error correction, please send the information to:QA@wikifx.com;

    Cooperation:AD@wikifx.com

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.