A survey by Invesco reports that sovereign wealth funds and central banks managing about US$29 trillion in assets are increasing their focus on energy investments while also raising concerns about the US dollar. The study, published Monday, draws on responses from 90 sovereign wealth funds and 54 central banks. Across the respondents, the reassessment is linked to large, ongoing geopolitical changes and a push toward diversification. The report characterizes many portfolios as needing to remain resilient under stress—described as the ability to “take a hit and still hold it together”—suggesting an emphasis on balancing risk across asset classes. In addition to the reported pivot toward energy, the survey indicates that concerns about dollar-related exposure are part of the wider portfolio review. The sources do not provide specific target allocations or timelines, but they collectively point to a strategic adjustment in how these institutions plan to deploy capital, with energy seen as one of the areas to strengthen diversification efforts amid uncertainty.