this post was submitted on 04 Feb 2026
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[...]

Valerie Baudson, whose firm has โ‚ฌ2.4tn of assets under management, said Amundi would advise clients to shift away from the greenback over the coming year, warning that if US economic policy remains unchanged, โ€œwe will go on seeing a [weakening] of the dollarโ€.

โ€œAmundi has been diversifying a lot and has been advising [clients] to diversify a lotโ€‰.โ€‰.โ€‰.โ€‰over the last 12-15 months, and is going on advising its clients to diversify their positions for the year to come,โ€ Baudson said in an interview on Tuesday.

Amundi is the latest big investor to say it is looking to cut or hedge its exposure to US assets amid concerns about Donald Trumpโ€™s volatile economic policies. The dollar has weakened sharply since the presidentโ€™s โ€œliberation dayโ€ tariff shock last April, a fall given new impetus this year by Trumpโ€™s threats against European allies over Greenland and worries about the independence of the Federal Reserve.

[...]

[Edit typo.]

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[โ€“] atro_city@fedia.io 6 points 1 month ago

About damn time! It was impossible to buy ETFs with Amundi because they always had US big tech in there. Even their "sustainable" and green ETFs have crap like Shell in there. ETF? more like WTF