The Swiss National Bank (SNB)'s huge investments in gold and foreign equities have helped boost the central bank's performance in the third quarter, according to the calculations of UBS economists published on Monday. + Get the most important news from Switzerland in your inbox According to their estimates of the bank's 'passive' investment strategy and the performance of its major asset classes, the experts forecast a CHF25-30 billion ($31-37 billion) profit this year. This would comfortably make up for the CHF15.3 billion loss recorded in summer, and represent a profit of CHF10-15 billion after nine months. The valuation of the SNB's gold stocks exceeded CHF100 billion, thanks to the 16% rise in the price of gold between July and the end of August, generating a profit of CHF14 billion. And the CHF200 billion invested in Swiss and global equities also generated just under CHF15 billion, based on an estimated overall increase of 8%. The relative appreciation of the Swiss franc over ...
