Sovereigns increase fixed-income allocations amid volatility
Central banks intend to increase renminbi allocations and adopt ESG, survey finds
Sovereign investors, including central banks, increased fixed-income investments and reduced equities in 2018 as returns fell sharply on higher volatility.
This is one of the main findings of Invesco’s global sovereign asset management study. The survey also highlights the increasing attractiveness of Chinese capital markets for these actors, and their rapid adoption of environmental, social and governance (ESG) policies.
“The majority of sovereigns (89%) anticipate the end of the economic
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