Central banks hasten push into new asset classes
Reserve managers in Asia and elsewhere aim to relax their investment guidelines amid the pandemic fallout, with an eye on assets such as EM stocks and private equity, say experts.
Like other asset owners in recent years, even central banks have struggled to achieve their (relatively low) target returns. Now the prospect of interest rates being depressed for years to come to support Covid-hit economies seems to have accelerated moves by reserve managers into riskier assets such as emerging market stocks and private equity.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to AsianInvestor
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
¬ Haymarket Media Limited. All rights reserved.