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Sovereign and Central Bank investment themes, 2019

Uneasy lies the head that wears a crown
13 September 2019
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    Key takeaways

    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