Over 18% of central banks adopted new reserves assets last year
Middle income jurisdictions led the trend, 28.6% diversified their asset allocation
Over the last year 18.6% of central banks added a new asset class to their reserves portfolios, the Reserve Benchmarks 2022 find.
The trend is especially strong among middle income central banks. Overall, 28.6% of participating central banks in this income bracket reported an increased diversification of their assets.
Over the last two decades, a growing number of central banks have gradually adopted higher-yielding assets to their reserves portfolios. Due to low sovereign bond yields, they
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Over 15% of reserve managers plan diversification changes
Close to 14% of participants will increase diversification, while 17.2% are discussing changes
Fewer central banks added new reserve assets in 2023
Overall, 10.3% of institutions diversified their asset allocation, down from 18.6% last year
Wallstreet and others rank highest for reserves technology services
Ion’s Wallstreet treasury system tops the 2023 rankings
Reserve managers rank JP Morgan top for custody and banking
BlackRock preferred for knowledge transfer and capacity building
Reserve managers vote BlackRock as overall best asset manager
Goldman Sachs and “other” asset management firms also score highly
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