Amundi’s $2.8T Pivot: Ditching Volatile Dollar Exposure Signals Major Shift

One of the world's largest asset managers just made a defensive move that's raising eyebrows across traditional finance.

The Dollar's Wild Ride

Amundi, managing a colossal $2.8 trillion in assets, is actively reducing its US dollar holdings. The reason? Mounting volatility that's turning the world's primary reserve currency into a rollercoaster for institutional portfolios. This isn't a minor tweak—it's a strategic recalibration by a financial behemoth.

Seeking Shelter from the Storm

The firm is reallocating capital into assets perceived as more stable or with better risk-adjusted returns in the current macro climate. Think of it as a giant ship changing course before the storm hits—a move that often precedes wider market tremors. It's the institutional equivalent of taking chips off the table.

What the Giants See

When a $2.8 trillion player cuts exposure, it's not reacting to daily headlines. This is a calculated, forward-looking stance on currency risk, debt sustainability, and global monetary policy divergence. It suggests the smart money is preparing for a landscape where the dollar's dominance faces sustained pressure.

The Cynical Take

Here's the finance jab: it's almost poetic. The same institutions that built fortunes on dollar hegemony are now the first to hedge against its decline—proving once again that in high finance, loyalty lasts only as long as the quarterly returns.

The message is clear: even the titans of traditional asset management are battening down the hatches. In a world of shifting anchors, finding stable ground is the new premium.

Amundi Cuts Exposure Towards US Dollar

Per the latest Financial Times report, Europe’s biggest asset manager, with $2.6T in assets under management (AUM), has decided to cut its exposure towards the US dollar. Moreover, Amundi’s Valerie Baudson is also giving the same advice to her clients, adding how her clients should also pivot away from the volatile greenback, as US monetary and economic policies continue to pose a greater risk to the dollar. The asset manager is now running towards European and emerging markets to stabilize its momentum.

Baudson later shared how international investors have been lately protecting themselves by buying gold, helping the asset rise high on the radar.

If Not Dollar Then Where Should One Invest Right Now?

Per a recent interview with RAY Dalio, the economist has warned of a potential monetary evolution, where investors must allocate 5% to 15% of their investments to gold.

Ray Dalio explains how you should structure your portfolio.

You should always have 5–15% allocated to gold—under current circumstances, even more.

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