景顺投资：2025年全球主权资产管理研究报告（英文版）

This year’s study reveals a significant shift in how SWFs and central banks view the investment environment. Against the backdrop of President Trump’s tariff policies and broader fragmentation trends, respondents increasingly consider the combination of geopolitical tensions, interest rate unpredictability, and evolving asset relationships as longer-term structural conditions rather than temporary disruptions.