“Over the first calendar quarter of 2015, the Swiss National Bank increased its holding of Apple stock by 60 percent to 8.90 million shares, according to a U.S. Securities and Exchange Commission filing,” Daniel Eran Dilger reports for AppleInsider.
“The bank’s Apple shares, currently worth over $1 billion U.S., were the largest accumulation in U.S. securities among its top three American investments, according to a report by Bloomberg,” Dilger reports. “The bank offered no comment to reporters on its accumulation of Apple shares, but its annual report notes that ‘Equities are managed according to a set of rules based on a strategic benchmark comprising a combination of equity indices in various markets and currencies.'”
Dilger reports, “Nearly 60,000 people are employed by the Swiss watch industry, and the horological industry is worth over $20 billion annually to the Swiss economy.”
Read more in the full article here.
MacDailyNews Take: Well, the Swiss National Bank gets it, at least.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]