Benno Klingenberg-Timm, Head of Global Sovereign Markets APAC spoke with the Sovereign Wealth Fund Institute (SWFI) on climate change and how sovereign wealth funds should invest through and beyond disruption. More
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.
Our white paper discusses climate risk from a central bank’s perspective, with a focus on their asset management activities. More
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