Investment gains were S$4 billion, down from S$22.8 billion last FY, and a strengthening Singapore Dollar resulted in a negative foreign exchange translation of S$8.7 billion.
The National Bank of Cambodia has seen its reserves swell by 20% to 30% a year. That’s leading it to invest in US Treasuries but also renminbi bonds and gold.
The newly appointed chief investment strategist for official institutions at State Street Global Advisors sees the potential for Asian central banks to put as much as $1.5 trillion into stocks.
Most official institutions are also planning to raise their alternative allocations, put more resources into risk analytics and financial technology, and increase their level of disclosure.
The Bank of Thailand must come up with a strategy for allocating to international equities and may seek to invest more than the 4% allocation initially mooted.
South Korea’s central bank has decided on the new chief investment officer for its $360 billion in foreign reserves. Lee Dong-Min will replace Eugene Kim in early March.
While some blame recent global volatility on the US Federal Reserve, central bankers say stimulus policies are now an accepted and widely used way to encourage growth.
The country's move to alter investment caps on sovereign bonds for foreign institutions amid the recent sell-off should help further boost interest in Indian assets, say custody executives.
Choo Heung-Sik, head of the central bank’s reserve management group, is keeping an open mind to alternative opportunities and sees emerging markets as increasingly important.
OTC derivatives trades that are not centrally cleared are likely to cost more than cleared transactions, due to pricing by bank counterparties, argues BNY Mellon.
Leasi Papali’i Tommy Scanlan feels vindicated after opting pre-crisis to switch reserves out of US dollars into Australian and New Zealand dollars, despite advice to the contrary.
The central bank would like to boost investment returns, although any changes to its strategy will be cautious and deliberate, says senior portfolio manager Giri Purnama.