The Bank of Israel begins a pilot program, investing a portion of its fx reserves in U.S....

|By:, SA News Editor

The Bank of Israel begins a pilot program, investing a portion of its fx reserves in U.S. equities, with the goal of ultimately putting 10% of its stash (currently $77B) in U.S. equity index trackers. UBS and BlackRock ("Be 100% in equities") will manage the funds.