      The Swiss National Bank (SNB), which is one of the largest central bank investors in equities globally, hiked exposure to Indian companies namely IT-giant Infosys and automobile major Tata Motors beside the elite league of global enormous large and powerful organization like Apple, Microsoft and ExxonMobil.
- Apart from these, the bank retained its investments in four other Indian companies – ICICI Bank, Dr Reddy’s Labs, Vedanta Limited and Wipro.
- SNB’s enhanced exposure to the Indian companies during the last quarter, ended on June 30, coincided with a loss of about 10 per cent in its nearly USD 60-million portfolio of Indian companies.
- Despite that SNB acquired more equity in case of Infosys and Tata Motors in second quarter. However the total value of investments in six Indian companies fell by nearly $6 million to $54.6 million.
- In comparison, as per the latest regulatory filing of SNB with the Securities and Exchange Commission (SEC), in case of US it held shares in more than 2,500 securities, valued at close to $38.6 billion at the end of second quarter by marking an increase of about $1 billion from the levels seen at the end of the first quarter of 2015.
- In a press release, the Swiss central banking authority said that it has a globally well-diversified equity portfolio of over 5,800 individual stocks but it has decided to exclude companies from exposure which produce internationally banned weapons, seriously violate fundamental human rights, or systematically cause severe environmental damage.
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