Investigation: $29 Trillion Sovereign Wealth Funds Shift to Energy and Real Assets, 60% of Central Banks Worry About US Debt Eroding Dollar's Status

BlockBeats News, June 29th. Invesco's latest survey shows that sovereign wealth funds from 90 institutions and 54 central banks, collectively managing $29 trillion in assets, are undergoing a systematic portfolio restructuring, with a focus on energy and real assets. About 80% of the surveyed institutions believe that energy security and energy transition infrastructure are the preferred directions to enhance portfolio resilience, with infrastructure asset allocation increasing to 9%. The high energy consumption demand of AI has further boosted the attractiveness of energy-related assets.

Regarding the US Dollar credit crisis, 61% of the surveyed central banks believe that the US debt level is weakening the US Dollar's long-term reserve status, a significant jump from 20% in 2024. 29% expect the US Dollar's reserve currency status to weaken in the next five years, up from 12% in 2022. Some institutions have begun to reduce their reliance on US custodian institutions and clearing systems, with one European central bank having completed a switch from US custodian banks, and a Latin American central bank admitting to establishing non-US custodial relationships for "extreme scenarios."

Furthermore, about one-third of the surveyed institutions plan to increase their gold reserves. Invesco's research director pointed out that "resilience is shifting from an optional feature to a necessary condition."