INVESCO said in a Monday survey that sovereign wealth funds and central banks
managing $29 tln are reallocating toward energy assets and expressing concern
about the dollar, reflecting portfolio reassessments driven by unprecedented
geopolitical shifts. The survey of 90 sovereign wealth funds and 54 central
banks found that amid trade tariffs, waterway closures and conflicts in Ukraine
and the Middle East, investors are prioritizing diversification and portfolios
able to withstand shocks and remain broadly stable. About 80% of users
said energy security and energy-transition infrastructure are the most reliable
ways to boost portfolio resilience; INVESCO said infrastructure will account for
9% of sovereign wealth fund assets by 2026. INVESCO noted that demand for
energy-intensive AI infrastructure is increasing the appeal of such assets.
INVESCO research head Benjamin Jones said resilience is becoming a requirement
rather than a luxury.
