Invesco Global Sovereign Asset Management Study 2023

Invesco Global Sovereign Asset Management Study 2023

In 2023 sovereign investors find themselves navigating an altered macroeconomic environment, marked by surging inflation and higher real interest rates.

This year’s study, the eleventh in the series, discusses how these factors are influencing asset allocations, and examines the impact on long-term trends, including rising allocations to private assets and funding the energy transition. We also examine the next generation of development funds and find central banks seeking stability amid currency challenges.

This year we spoke face to face with chief investment officers, portfolio strategists and heads of asset classes at 85 Sovereign funds and 57 central banks, 142 institutions in total, representing USD21 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. Building portfolios in the new macro environment
  2. Finding value in private assets
  3. Financing the future: sovereigns’ strategies for accelerating the energy transition
  4. The next generation of development funds
  5. Golden opportunities: central banks seek stability amid currency challenges

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.

Investment risks

  • 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.

Important information

  • All data as at 31st March 2023

    This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.

    Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.