Manulife’s Thooft Favors US Dollar Amid Mideast Conflict Market Volatility

In Brief

Nathan Thooft of Manulife Investment Management calls the US dollar the best haven during increased market volatility.

Key Facts

• Nathan Thooft of Manulife Investment Management described the US dollar as the best haven bet.
• Thooft has shifted more investments to the US since hostilities erupted in the Middle East.
• Market volatility has increased during the ongoing Mideast conflict, according to Thooft.

What Happened

Nathan Thooft, representing Manulife Investment Management, stated that he considers the US dollar the best haven amid rising market volatility caused by the Mideast conflict and has moved more investments to the US.

Why It Matters

Thooft’s perspective highlights investor strategies during geopolitical tensions, with the US dollar seen as a safer asset. Increased volatility may influence global investment flows and currency markets. Based on a single source report

What's Next

Market participants may monitor further developments in the Mideast conflict and its impact on currency and investment decisions. Additional viewpoints from other investment managers may emerge.