Since the start of the year, US assets have seen a sharp reversal, with the dollar weakening and the “Magnificent Seven” underperforming global peers. In contrast, World ex-US equities have delivered stronger returns, reviving the case for regional and currency diversification.

As US exceptionalism is fading, the need to rebalance portfolios is becoming more urgent. From quality dividend strategies and emerging market bonds to alternative assets, such as precious metals and structured solutions, diversification is now essential for navigating rising volatility and preserving income.