GLOBAL - Sovereign wealth funds (SWF) may decide to purchase special drawing rights (SDR)-denominated bonds, creating a wider market for the instrument some have touted as the alternative to the US dollar as the reserve currency.
SWFs could purchase SDR-denominated instruments to diversify their currency risk and create more efficient portfolios, said State Street global investment strategist George Hoguet at a press briefi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
