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March 1, 2012

Israel to Begin Investing Reserves in U.S. Equities Today

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The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities. The investment, which in the initial phase will amount to 2 percent of the $ 77 billion reserves, or about $ 1.5 billion, will be made through UBS AG and BlackRock Inc. (BLK),... FF News: Fundamental

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