From Bloomberg:
The Bank of Israel will begin today a pilot program to invest a portion of its foreign currency reserves in U.S. equities.
More from Globes:
The Bank of Israel today began investing a small part of its $77 billion in foreign currency reserves in US stocks. The central bank’s latest Markets Division report states that the new Bank of Israel Law (5770-2010) allows the Bank of Israel to make equity investments, and that it began to do [...]
