加拿大退休基金IMCO：黄金、日元、瑞士法郎可作为美元的替代选择 亦可将固定收益配置转向较短期限

Group 1 - The Ontario Municipal Employees Retirement System (IMCO) has identified Swiss Francs, Japanese Yen, and Gold as potential alternatives to the US Dollar, indicating a reassessment of confidence in the Dollar as the "ultimate safe-haven currency" [1] - IMCO manages approximately CAD 86 billion (around HKD 496.1 billion) in assets for public sector employees, government agencies, and schools [1] - Since the announcement of comprehensive tariffs by former US President Trump in April last year, US Treasury yields have risen while the Dollar has weakened, suggesting that investors may no longer view the Dollar as the preferred safe haven during market turmoil [1] Group 2 - The report suggests shifting fixed income allocations to shorter durations as a response to market conditions, as a politicized Federal Reserve may suppress short-term yields while policy risks elevate long-term yield premiums [2] - The potential for tariffs and a weaker Dollar to increase import costs could lead to broader inflation effects, providing additional momentum for rising US yields [2] - Investors are encouraged to consider assets related to production and the real economy, such as AI, energy infrastructure, technology, and healthcare, as governments seek to enhance domestic production capabilities and ensure supply chain security [2]