Invesco Global Sovereign Asset Management Study

Uncover the themes shaping the future of official institutions.

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Nasdaq-100 index: Resilience Amid Volatility

Transcript

Global Sovereign Asset Management Study 2026: Five Themes Shaping the Future

Hi, I am Catherine Chan, welcome to the 2026 Global Sovereign Asset Management Study. This year’s study reveals key topics that sovereign investors are reassessing to position for the future. Assumptions about portfolios, returns, and risks are all being looked at through a new lens.

Resilience is the focus of our first theme. Institutions are building portfolios designed to withstand uncertainty, while also strengthening governance, operations, and access to assets.

Second, the return environment is changing. Sovereign investors are looking beyond broad market exposure, increasing allocations to infrastructure and private credit while focusing on liquidity and long-term discipline.

Third, ETFs are playing a growing role. From accessing new asset classes to supporting portfolio transitions and tactical positioning, or using them as core building blocks, ETFs are becoming increasingly important investment tools.

Fourth, artificial intelligence is reshaping both investment opportunities and operations. Whilst AI offers significant potential through infrastructure and productivity gains, investors are balancing those opportunities against risk management, governance and security.

Finally, central banks are strengthening resilience through greater diversification, expanding into new asset classes, increasing gold allocations, and reviewing how reserve assets are managed and safeguarded.

These five themes highlight a new era of portfolio construction, technology, and long-term investing. Download the full study from our website.

2026 Invesco Sovereign Asset Management Study

In this video, Catherine Chan shares five key themes from the 2026 Global Sovereign Asset Management Study, including portfolio resilience, evolving return opportunities, the growing use of ETFs, the impact of AI, and how central banks are reviewing the portfolio management. Watch now for insights into the trends shaping the Sovereign investing. 

This year’s key themes

In 2026, sovereign investors are reassessing portfolio construction as traditional models are challenged, moving towards more selective allocation, greater use of private markets, deeper commitment to active management, and stronger governance and resilience frameworks.

theme 1

Theme 1
Resilience moves to the centre of portfolio design

Resilience has become an explicit portfolio design objective, with institutions rethinking diversification, embedding scenario testing into governance, and extending their attention to where assets are held and on what terms.

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theme 2

Theme 2
Long-term investing in a more demanding world

Long-term investing is becoming more valuable but harder to maintain in practice, with governance and liquidity discipline increasingly separating institutions that can stay the course from those that cannot.

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theme 3

Theme 3
A tool for all seasons: the expanding role of ETFs

ETF adoption among sovereign investors is building steadily, with central banks using them as an efficient route into new asset classes and sovereign wealth funds using them for tactical flexibility and thematic exposure.

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theme 4

Theme 4
AI: investment opportunity and investment tool

Sovereign investors broadly view AI as a structural shift, with infrastructure and productivity the preferred investment routes and internal deployment expanding within controlled boundaries.

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theme 5

Theme 5
Central banks: the search for diversification

Persistent inflation, dollar concerns, and geopolitical risk are driving central banks to expand into new asset classes and increase gold allocations, with the diversification agenda now extending to custodial and counterparty infrastructure.

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Transcript

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Uncover the themes shaping the future of official institutions.

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