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.

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