Asset owners mull rebalancing equities on dollar risk

While global investors, including Asia Pacific's sovereign funds, are rebalancing their portfolios based on the current uncertain outlook for US markets, there is speculation that a sea change may be about to take place in the status of the US dollar. Jimmy Chang, chief investment strategist at multi-family office Rockefeller Capital Management in New York, said in a circular issued on September 8 that "the market is starting to push-back against the profligacy of a debt-financed …