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
Chartinator Member Profile
Member Level 
Followed By 941
Posts 57,890
Boards Moderated 2
Alias Born 10/25/05
160x600 placeholder
Fox's Bid for Time Warner Includes Voice on the Board
21st Century Fox is prepared to offer shareholders of Time Warner Inc. board representation as part of its bid to acquire the media company, according to a person familiar with the matter.
Samsung to Launch Two New High-End Smartphones
Charterhouse Selects Banks for Armacell IPO -Reuters
Tech Stocks Gain Ahead Of Twitter Earnings
Pfizer Still Looking to Buy; Results Beat Views -- 2nd Update
Alibaba in Talks to Invest in Snapchat
New Cash for Affordable Housing
Greenlight Notes Short Positions in Safeway, Lorillard -Reuters
Destination Maternity Yanks Offer to Combine with Mothercare
Express Scripts Profit Falls 5.1%
Chartinator Member Level  Thursday, 03/01/12 10:45:37 PM
Re: None
Post # of 136861 
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