Such market conditions push investors to rotate out of stocks into either cash or haven-like assets, for example, gold.
13F holdings
Over the past quarter, the bank disposed of $4.2 million worth of AMZN shares, $1.6 million NVDA, $2.5 million TSLA, $9.6 million AAPL, $1.6 million META, $2.6 million GOOG, and $0.3 million NFLX.
Swiss franc
In the past, the bank decided to invest 94% of its balance sheet outside of Switzerland in an attempt to devalue the Swiss franc back in 2015; however, its balance sheet looked like the one of a hedge fund and not a typical central bank. Such investments have probably brought hefty returns to the bank as the Nasdaq index returned roughly 23% annually since 2010. Profit-taking in a tough environment could be prudent for institutional investors with large funds looking to make outsized returns for their investors. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
