Overview

For 25 consecutive years, ÃÛ¶¹ÊÓƵ has hosted one of the most successful and longest running events in the asset management industry, the ÃÛ¶¹ÊÓƵ Reserve Management Seminar. Over the years it has developed into one of the leading events for central bank reserve managers addressing all areas of asset allocation as well as new and emerging (geo)- political and economic trends. These days, it features around 60 institutions from over 40 different countries each year.

This has also allowed us to monitor central bank investment approaches for 25 years through the Annual Reserve Management Survey, an integral part of the event. At this year's 25th Seminar held in Thun, Switzerland in June 2019, we asked participants to look back and share with us their views about the evolution of FX reserve management over the past 25 years and their expectations for the next 25 years.

This paper is the outcome of the above-mentioned survey as well as our rich history of providing institutional solutions and advisory services to some of the largest and most prestigious sovereigns globally.

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