Challenges for central banks
- fear of a slow down and return to a deflationary trend as most of their assets are in fixed income; low or negative yield challenge to good returns
- Climate risk is top of the agenda for central banks but challenges relate to mandate, lack of data and benchmark issues
Key developments in central banks allocation:
- Diversification away from government bonds; ~40% of those survey are invested in listed equities (all time high)
- Steady rise of RMB to reserve currency status
Perspectives matter. Tune in to our insights.