Some of the world’s largest asset managers are rotating into bonds and AI-linked
equities while trimming US dollar exposure, betting geopolitical risk has peaked
after the US-Iran ceasefire. Schroders Plc and Jupiter Asset Management Ltd. are
adding short-dated treasures, while Franklin Templeton expects a rally in
10-year yields. Allspring Global Investments is allocating to tech and defense
stocks resilient to energy shocks.
Falling oil prices have revived expectations of Federal Reserve rate cuts,
lifting equities and pushing Asia-Pacific stocks to early-March highs. Treasury
yields declined, the dollar weakened, and gold advanced. Franklin Templeton sees
10-year yields potentially testing the low 4% range.
