Sovereign and Central Bank investment themes, 2019
This paper draws on results from the Reserve Management Trends Survey, 2019 and survey data made available by the Sovereign Investor Institute (SII).
- Results have shown that geopolitics are having a major impact on reserve management, namely the US/China trade wars, Brexit and sanctions)
- The USD has remained the unchallenged haven currency but there is also a renewed interest in gold, as a result of global and geopolitical instability
- The integration of ESG into central bank portfolios has been gathering momentum over the past year