What is a safe haven now?

Are traditional safe haven assets still delivering? Explore how changing market conditions are reshaping where resilience can be found.

Highlights

Heightened geopolitical uncertainty and a rising risk of fiscal dominance are drawing greater market scrutiny, given their potential inflationary implications.
Traditional safe havens (government bonds, the US dollar, the yen) have shown signs of strain, while gold’s role endures but behaves more cyclically – and sometimes pro?risk – than in the past.
Portfolio resilience calls for a diversified mix of safe?haven assets and complementary, low?correlation strategies that can support performance across regimes.