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SNB held US stocks worth a record $141bn last year

Bloomberg The Swiss National Bank’s (SNB) portfolio of US equities rose to a record $141 billion as of December, reflecting a buoyant stock market. Switzerland’s central bank has 20% of its reserves in stocks, and its filing to the Securities and Exchange Commission showed it owned shares in 2,490 companies as of December 31. Notable holdings included Apple Inc., Amazon ...

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Mystery trade adds $9bn to Vanguard S&P 500 ETF

Bloomberg Near the start of December, a mystery over-the-counter trade pulled about $7 billion from Vanguard Group’s S&P 500 exchange-traded fund. It just got it all back and more. The $194 billion Vanguard S&P 500 ETF (ticker VOO) added $8.7bn on a single day this week, about two months after that record withdrawal. Similar to 2020 mega outflow, VOO’s cash ...

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UAE leads countries advocating women’s rights at global level

ABU DHABI / WAM The United Arab Emirates is at the forefront of the countries advocating women’s rights at the global level through a series of initiatives and programmes aimed at supporting and empowering women in many societies and countries. The UAE tops advanced ranks on many global indicators related to supporting women’s rights and empowerment, as well as its ...

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