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

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.

Comments (4)
  • wyostocks
    , contributor
    Comments (9115) | Send Message
    The more stuff like this I read, the more convinced I get that the bubble is about to burst.
    1 Mar 2012, 04:00 PM Reply Like
  • Zack Miller
    , contributor
    Comments (72) | Send Message
    WTF?? That'll probably end as well as the Arab and Asian sovereign wealth funds panned out. Betcha Citibank convinces Fisher to put a $1B or two in.
    1 Mar 2012, 04:04 PM Reply Like
  • minecanary
    , contributor
    Comments (1355) | Send Message
    There goes the fantasy that the Jews are great w/money. I guess it locks our gov't boys further into insuring the market only goes up. If they are going to admit that is their game...why are the Feds so opposed to a portion of the SSN monies being invested there? Oh that's right, the slimeballs have already snatched all the SSN funds and there isn't anything but IOU slips in the account.
    1 Mar 2012, 04:07 PM Reply Like
  • thibaud
    , contributor
    Comments (165) | Send Message
    This comment is as ugly as it is fatuous.
    1 Mar 2012, 04:44 PM Reply Like
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