It will come as little surprise that central banks allocate the largest portion of their reserves to US Treasuries.
But some other trends stand out. Investors in Asia and Europe are more likely to invest in SIBs. Almost all holdings of exchange-traded funds (ETFs) are in high income jurisdictions. Central banks from high income countries are also more likely to invest in green bonds, and in currencies such as the yen and sterling.
For the full breakdown, use the benchmarking service’s interactive charts to explore the data.
Data sheds light on key differences between advanced, emerging and developing economies
Key findings of the 2023 benchmark, including coverage ratios, strategies to tackle high inflation, new trends in asset diversification, geopolitical risks and external managers
Insights on portfolios coverage ratios, strategies to tackle high inflation, new trends in asset diversification, geopolitical risks and external managers
Close to 14% of participants will increase diversification, while 17.2% are discussing changes
Overall, 10.3% of institutions diversified their asset allocation, down from 18.6% last year
Ion’s Wallstreet treasury system tops the 2023 rankings
BlackRock preferred for knowledge transfer and capacity building
Goldman Sachs and “other” asset management firms also score highly
Overall, 72.4% of central banks divide their portfolios into liquidity and investment sections
Approach tends to be more common among African and American institutions
SIBs and EU NextGeneration fund trail behind, as reserve managers avoid infrastructure and crypto
Nearly one-third of new and existing lines are denominated in US dollars