Meinung The SNB’s exposure to US stocks imports volatility The Swiss central bank has been exposed to the GAFAM (Google, Apple, Facebook, Amazon, Microsoft) for as much as 40 bn. $ at last year’s peak. Its heavy losses owe much to the volatility of the US tech sector. The SEC filings of the SNB are full of valuable information and need to be monitored. Myret Zaki vor 2 Stunden