BlockBeats news, on June 29, a recent survey by Invesco revealed that sovereign investors—covering 90 sovereign wealth funds and 54 central banks, collectively managing $29 trillion in assets—are systematically rebalancing their portfolios with a focus on energy and real assets. Approximately 80% of surveyed institutions identified energy security and energy transition infrastructure as the top priorities for enhancing portfolio resilience, with infrastructure allocations rising to 9%. The high energy demands of AI are further boosting the appeal of energy-related assets.
Regarding the U.S. dollar credit crisis, 61% of surveyed central banks believe that U.S. debt levels are eroding the dollar’s long-term reserve status, a significant increase from 20% in 2024; 29% expect the dollar’s reserve currency status to weaken within five years, up from 12% in 2022. Some institutions have already begun reducing their reliance on U.S.-based custodians and clearing systems, with one European central bank having completed a switch away from U.S. custodial banks, and one Latin American central bank acknowledging it is establishing non-U.S. custodial relationships for "extreme scenarios."
Additionally, about one-third of the surveyed institutions plan to increase their gold reserves. Invesco’s Head of Research noted, “Resilience is shifting from a bonus to a necessity.”