Jun. 29 at 3:13 PM
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LONDON, June 29 (Reuters) - Sovereign wealth funds & central banks ➡️managing
$29 trillion in assets are turning to energy assets, & raising concerns about the dollar, in a portfolio reassessment driven by unprecedented geopolitical shifts,
❌61% of central banks saying U.S. debt hurts the dollar's long-term reserve status (up from 20% in 2024),
❌29% expecting the dollar's reserve-currency status to be weaker in five years (up from 12% in 2022)
❌Institutions reviewing reliance on U.S.-based custodians and clearing infrastructure because of geopolitical tensions
The survey covered 90 sovereign wealth funds and 54 central banks, representing about
$29 trillion in assets under management. About 55% of the world's sovereign wealth funds, & about 27–28% of the world's central banks.
It will take clarity of mind to see what is occurring & what is being prepared for.
