Max Castelli on reserves management in a time of uncertainty

Investors, issuers and policy-makers are all trying to make sense of the war in Ukraine, a global pandemic, more than a decade of cheap money and now rising interest rates and inflation. How do the world’s reserves managers view the global macro outlook? What are the main concerns and drivers? And what are their strategies for asset allocation and integrating environmental, social and governance strategies? Max Castelli, head of strategy and advice, global sovereign markets, UBS Asset Management, joins Neil Williams, chief economist, OMFIF, to discuss these key questions and delve into reserves managers’ priorities and concerns in the future.