According to the Financial Times, “a cluster of central banking investors have become major players in the world equity markets.” The Official Monetary and Financial Institution Form (OMFIF) are due to confirm their findings in their latest report which is to be published this week.

The report seen by the Financial Times will confirm 400 public institutions have invested $29.1 trillion within international markets, including gold. Speculation is rising that these institutions would prefer to hold financial assets rather than the U.S. dollar.

The report will also confirm China’s State Administration of Foreign Exchange is now the world’s largest holder of equities as China attempts to diversify their reserves away from the U.S. dollar.