Reduce your exposure to US assets before they lose value, Pictet warns investors

Investors should further reduce their exposure to US Treasuries and the US dollar over the next decade, as tech-driven inflation and high government deficits are likely to erode their value, a leading private bank has warned. Shifting to commodities and equities in emerging markets offers a greater chance of long-term returns, with global inflation expected to remain volatile and sticky for years due to factors including the artificial intelligence (AI) boom and decarbonisation efforts,...