SureTrader SPDR Advertisement SPDR Advertisement
Home > Boards > Free Zone > User's Groups > WEALTH UNIVERSITY

Foreign Central Banks To Begin Buying US Stocks

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Profe$$or  Member Profile
 
Followed By 930
Posts 57,915
Boards Moderated 1
Alias Born 10/25/05
160x600 placeholder
Advertisement
Bundesbank Vice President Warns of Grexit Consequences--Report
Claudia Buch, the vice president of Germany's Bundesbank, has warned of the consequences of a Greek exit from the eurozone, saying it would represent "a first-time revocation of a European integration step," and change the character of the currency union, German daily Boersen-Zeitung quotes her as saying in its Saturday edition.
Top Equities Stories Of The Day
Whole Foods Results Add to Growth Concerns -- 2nd Update
Uber Crosses $50 Billion Valuation
Yahoo to Buy Social Shopping Site Polyvore -- 3rd Update
Comcast Deal to Enter Wireless Industry Faces Hurdle
Ford Posts 44% Jump in Profit--Update
Pain Worsens for Oil Giants Exxon and Chevron
Western Union Profit Beats Wall Street Views
Bank of America Gives Details on Moynihan Vote-- Update
Profe$$or   Thursday, 03/01/12 10:45:37 PM
Re: None
Post # of 136886 
Foreign Central Banks To Begin Buying US Stocks Outright Starting Today

The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.

The investment, which in the initial phase will amount to 2 percent of the $77 billion reserves, or about $1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK), Bank of Israel spokesman Yossi Saadon said in a telephone interview today. At a later stage, the investment is expected to increase to 10 percent of the reserves.

The investment will be made in equity index trackers and will include between 1,500 to 2,000 shares, among them stocks like Apple Inc. (AAPL), Saadon said.

http://www.zerohedge.com/news/next-leg-ponzi-revealed-central-banks-begin-buying-us-stocks-outright-starting-today

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist