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Beyond the dollar: Rethinking the US-heavy portfolio
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Owning US assets felt like an obvious move to many investors for a very long time. Afterall, big tech kept climbing, the US dollar looked unshakeable, and portfolios heavy on America were rewarded handsomely. But valuations and geopolitics now feel less predictable. So is it time to spread the risk?
In this episode of BT Podcasts, produced in collaboration with Barclays Private Bank, Howie Lim sits down with Ken Sze, head of investments, Asia, to talk through that shift. Not in sweeping slogans about “de-dollarisation”, but in practical terms. What does moving away from a US-centric portfolio actually mean? Where do you start? And how do you do it without second-guessing every decision?
Produced by: Howie Lim, Claressa Monteiro & Chai Pei Chieh Edited by: Howie Lim & Claressa Monteiro
graphics: HYRIE RAHMAT
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Ken Sze
head of investments, Asia, Barclays Private Bank
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Sze speaks candidly about the behavioural side of investing, the comfort of what has worked before, and the hesitation that comes with trying something new. He points to developed markets outside the US that trade at lower valuations, highlights overlooked parts of the emerging market debt universe, and explains why geographic diversification could be the simplest first step.
This is not about abandoning the US. It is about building a portfolio that can stand up to a more fragmented, more multipolar world. If you have ever wondered whether your portfolio is too concentrated for the times we are in, this conversation is a thoughtful place to start.
This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party's products and services. Please consult professional advisors for independent advice.
For questions or thoughts about the show, feel free to email: btpodcasts@sph.com.sg
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