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Invesco Global Sovereign Asset Management Study 2022

Invesco

In 2022 we find sovereign investors grappling with an inflation shock, rising interest rates and a war in Eastern Europe. This year’s study, the tenth in the series, discusses how these factors are influencing asset allocations and examines the impact on long-term trends such as externalisation and the use of data science, ESG integration, digital asset adoption and central bank reserves diversification.

This year we spoke face to face with chief investment officers, portfolio strategists and heads of asset classes at 81 Sovereign funds and 58 central banks, 139 institutions in total, representing USD23 trillion.*

The study provides unique insights into the investment objectives and behaviours of sovereign investors, and unearthed five key themes.

Explore five key themes:

  1. Inflation shock presents sovereigns with hard choices.
  2. External management and data science help overcome scale challenges.
  3. Digital assets: a disruptive technology gathering momentum.
  4. Rising stakes in ESG as sovereigns focus on impact.
  5. Renminbi allocations continue to rise, as Russia reserves freeze catalyses soul-searching about dollar reserves.

Inform your thinking

This is a one-of-a-kind study thanks to the breadth of sovereigns interviewed and the depth of data collected. Visit our Invesco Global Sovereign Asset Management Study microsite today and discover our findings.

Explore the 2022 study

  • * Invesco Global Sovereign Asset Management Study as at 31 March 2022.

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

  • This document is intended only for Professional Clients in Continental Europe (as defined below); Malta, Cyprus, Dubai, Jersey, Guernsey, Isle of Man, Ireland, South Africa and the UK; for Qualified Clients/Sophisticated Investors in Israel; for a Middle East client, Exempt Investor, Accredited Investor or non-Natural Qualified Investor; for Institutional Investors in the United States; for AFPs and Qualified Investors in Chile; for Accredited and Institutional Investors in Mexico, for Sophisticated or Professional Investors in Australia; for Professional Investors in Hong Kong; for Institutional Investors and/or Accredited Investors in Singapore; for certain specific sovereign wealth funds and/or Qualified Domestic Institutional Investors approved by local regulators only in the People’s Republic of China, for Qualified Institutional Investors, pension funds and distributing companies in Japan; for Wholesale Investors (as defined in the Financial Markets Conduct Act) in New Zealand, for certain specific Qualified Institutions/Sophisticated Investors only in Taiwan and for one-on-one use with Institutional Investors in Bermuda, Panama and Peru. The video is intended only for accredited investors as defined under National Instrument 45- 106 in Canada. It is not intended for and should not be distributed to, or relied upon, by the public or retail investors.