iA CONNECTED

To truly understand the structure of the global financial and economic system, it helps to adopt a monetary lens. And when we do, we find that the U.S. dollar’s role as the global reserve currency explains many things.

Highlights:

• The U.S. dollar remains dominant, but global diversification into gold and other currencies and rising geopolitical suggest a slow, secular shift may be underway.
  
• Despite inflation and market stress, the US dollar is down ~10% YTD—marking a rare break from historical norms as a safe haven.
• We’re diversifying equity exposure toward Asia, Europe, and EMs, while staying overweight JPY and CAD, and underweight fixed income.
  

Your experts   Sébastien Mc Mahon, MA, PRM, CFA Chief Strategist, Senior Economist and Vice-President, Asset Allocation & Portfolio Manager Follow Sébastien Mc Mahon on          Alex Bellefleur, MA, CFA Senior Vice-President, Head of Research, Asset Allocation     Tuyen Tran, M.Sc., CFA Senior Analyst, Asset Allocation and Economics

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"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.