Covid-19 fails to interrupt asset diversification – survey

FX correlation

The Covid-19 crisis does not appear to have interrupted the ongoing trend towards asset diversification in reserve portfolios worldwide.

The UBS Annual Reserve Management Seminar Survey released on September 28 indicates central banks are “still diversifying away from more conservative fixed income assets”. Passive equity, corporates, emerging market local-currency debt and gold were the alternative investments most frequently mentioned by participants as options for the coming year.

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