Hi All, I just recently got very confused while reading about the SNB, maybe there are some pros around who can help me:
- Why the hell is it a listed company? (SNBN on EBS)
- Why is a German professor a big Shareholder of it? What could he win from it? The shareholders-right are quite limited. (https://www.handelszeitung.ch/unternehmen/der-diskrete-snb-grossaktionar-aus-deutschland)
- The Dividend for its Shareholders is capped at 6% (everything above goes to canton and bund)
3.1 WTF is there a dividend at all? Do other Central-banks pay out dividends?
3.2 Why is it capped?
3.3 Their gains vary, but from what I see its always 1.5 MCHF = 1.5 CHF per Share? (Schweizerische Nationalbank (SNB) - Erfolgsrechnung und Gewinnverwendung 2020)
- Why did the shareprice increase so dramatically from 2015 on?
- Is it the only listed “company” with an own money-printing-machine?
- Can it be considered as a special asset class between stocks and bonds? (Since I can’t Imagine a scenario where the SNB goes bust… unless the whole country collapses)
- Why are they keeping so high reserves? (do they estimate that their portfolio will face a correction? (Schweizerische Nationalbank (SNB) - Erfolgsrechnung und Gewinnverwendung 2020)
Looking forward to your answers!