Kellen Jibb (Associate Director, Market Services Solutions) and Taylor Richardson (Head of FX Market Trading) recently hosted a 30-minute webinar with the Canadian Pension & Benefits Institute (CPBI) to discuss the currency market’s impact on portfolios and how to implement foreign exchange (FX) solutions with a trusted partner to better manage risks.
Here are some highlights from the October 8 webinar:
- Firms are finding it difficult to staff FX desks with complex requirements and are struggling to be able to cope with their needs, the risks they face and how to mitigate those risks—making outsourcing FX strategies a viable alternative.
- Geopolitical volatility around trading relationships underscores the need to diversify and not become overly dependent on one region.
- Hedged inflows into US assets are dominating for the first time in a decade, showing that desire to continue investing in global markets is growing while exposure to local currency is losing its luster.
- The enormous amount of headline risk in FX means investors should diversify and hedge to protect against overdependency and volatility.