Amundi Cuts US Dollar Exposure Amid Monetary Policy Concerns, Eyes Gold and Emerging Markets
Europe's largest asset manager, Amundi, with $2.8 trillion in assets under management, is reducing its exposure to the volatile US dollar. The MOVE reflects growing concerns over US monetary policies that could destabilize the greenback. Valerie Baudson, Amundi's CEO, is advising clients to pivot toward European and emerging markets to mitigate risks.
Gold has emerged as a key hedge for international investors, with economist RAY Dalio recommending a 5% to 15% allocation to the precious metal. "We're in the middle of a monetary evolution," Dalio noted, emphasizing gold's role in portfolio stability during uncertain times.