Sovereign investors with $29 trillion pivot to energy assets, flag dollar fears - Reuters
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- Sovereign investors managing $29 trillion in assets are pivoting toward energy holdings, according to Reuters.
- The cohort is also flagging dollar fears — a concern backed by an Invesco survey showing 61% of central banks believe US debt undermines the dollar's reserve status.
Why it matters: A $29 trillion rotation into energy paired with an Invesco finding that 61% of central banks see US debt eroding the dollar's reserve status hands energy producers a deeper pool of patient capital just as reserve managers face fresh pressure to diversify away from US-denominated assets.
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