Large reserve holders use external managers for intel and new assets
Staff training trumps new asset class adoption as overall goal for third parties’ engagement
Central banks with large external reserves engage with external asset managers mainly for access to market intelligence and adoption of new asset classes, the Reserve Benchmarks 2024 find.
For the analysis, respondents were classified into two groups – institutions with total reserves of more than $70 billion (10 central banks) and respondents with reserves of less than $70 billion (35 central banks).
Access to market intelligence (90%) and adoption of “new asset classes” (90%) are the priority
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