News Snapshot:
Last week, the Official Monetary and Financial Institutions Forum (OMFIF) released its eighth annual report on Global Public Investors (GPI) . It included a survey on asset allocation plans by reserve managers of central banks, sovereign wealth funds, and public pension funds. Together, the 102 investors responding the survey manage US$42.7 trillion in assets (Figure 1). Figure 1 - Total GPI assets by institution type, $tn Source: OMFIF analysis (GPI 2021). The survey revealed important changes in the composition of portfolios planned by global public investors. About 18% of respondents said they intended to reduce their holdings in euros over...
