Reserve fund managers are increasingly deciding to invest in less traditional instruments, according to the results of Central Banking’s latest Reserve Management Trends survey.

The 80 reserve managers surveyed manage a total of $5.9 trillion, or approximately 49% of the world’s total official reserves. Of these, 41% say they are currently investing in corporate bonds, while another 16% say they are now considering investing in these instruments. A further 22% say they would consider corporate