Financial Times FT.com

Central banks ‘seek riskier assets’

By Chris Giles in London

Published: February 25 2007 23:33 | Last updated: February 25 2007 23:33

Central banks are becoming more active managers of their burgeoning foreign exchange reserves, seeking to increase the yield on their portfolios, according to a survey of reserve managers of the world’s central banks published on Monday.

Normally a secretive bunch owing to the conservatism of central banks and the scale of their investments, reserve managers told the journal Central Banking of rising pressures to provide their governments with decent returns in a low-yield environment.

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