Reuters: Buy Currencies to Diversify Your Portfolio says Michael Landsberg

May 9, 2025

Michael Landsberg, Chief Investment Officer at Landsberg Bennett Private Wealth Management, told Reuters he believes the current administration is intentionally allowing the U.S. dollar to weaken. “Some of this dollar weakness is actually intentional on the part of the administration,” Landsberg said, adding that investors should consider foreign currencies as a way to diversify portfolios during a volatile period.

Key Takeaways:

  1. Dollar weakness appears strategic: Landsberg suggests that recent U.S. dollar depreciation may be part of a deliberate effort by the Trump administration, which has implications for currency markets and asset allocation.
  2. Foreign currency exposure can add portfolio protection: With easier access via ETFs, Landsberg recommends considering allocations to currencies like the euro or Swiss franc as part of a broader diversification strategy.
  3. Market leadership is narrowing: He noted that in prior years, performance was dominated by a small number of large-cap stocks, but that dynamic may no longer hold. A more balanced approach to portfolio construction is needed.
  4. Environment calls for wider asset diversification: As volatility remains elevated, Landsberg continues to focus on asset classes beyond U.S. equities, including foreign exchange exposure, to help manage risk.

Landsberg emphasized the importance of adjusting allocations to reflect both policy dynamics and market shifts, especially with the U.S. dollar under pressure. Broader diversification, including in foreign currencies, helps provide added flexibility in an uncertain environment.

Request Information

Landsberg Bennett is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC (member FINRA and SIPC). Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities, nor should anything contained herein be construed as a recommendation or advice of any kind. Consult with an appropriately credentialed professional before making any financial, investment, tax or legal decision. No investment process is free of risk, and there is no guarantee that any investment process or investment opportunities will be profitable or suitable for all investors. Past performance is neither indicative nor a guarantee of future results. You cannot invest directly in an index.

These materials were created for informational purposes only; the opinions and positions stated are those of the author(s) and are not necessarily the official opinion or position of Hightower Advisors, LLC or its affiliates (“Hightower”). Any examples used are for illustrative purposes only and based on generic assumptions. All data or other information referenced is from sources believed to be reliable but not independently verified. Information provided is as of the date referenced and is subject to change without notice. Hightower assumes no liability for any action made or taken in reliance on or relating in any way to this information. Hightower makes no representations or warranties, express or implied, as to the accuracy or completeness of the information, for statements or errors or omissions, or results obtained from the use of this information. References to any person, organization, or the inclusion of external hyperlinks does not constitute endorsement (or guarantee of accuracy or safety) by Hightower of any such person, organization or linked website or the information, products or services contained therein.

Click here for definitions of and disclosures specific to commonly used terms.