Executive summary

Nick Carver

This book, HSBC Reserve Management Trends 2019, the 15th annual edition, is published at a time of heightened concerns over geopolitical risks among reserve managers as well growing interest in currency and asset diversification, and the incorporation of encironmental, social and governance principles (ESG) into their investment.

2019 survey findings

The first chapter reports the findings of a survey of 80 reserve managers. A US/China trade war is the most significant risk facing reserve managers in 2019. Overwhelmingly, reserve managers see geopolitics as affecting the choice and amount

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