Mark Dowding

We're familiar with the sell America story. Sell it all. Sell the bonds, sell the stocks, sell the currency. Look, I think it's less about selling it. It's more a question about stop buying it. And if people stop buying, effectively it has the same effect, doesn't it?

We're familiar with the sell America story. Sell it all. Sell the bonds, sell the stocks, sell the currency. Look, I think it's less about selling it. It's more a question about stop buying it. And if people stop buying, effectively it has the same effect, doesn't it?

We're familiar with the sell America story. Sell it all. Sell the bonds, sell the stocks, sell the currency. Look, I think it's less about selling it. It's more a question about stop buying it. And if people stop buying, effectively it has the same effect, doesn't it?

The business I'm overseeing is managing funds which invest in government bonds and other sorts of bonds for investors located worldwide.

The business I'm overseeing is managing funds which invest in government bonds and other sorts of bonds for investors located worldwide.

The business I'm overseeing is managing funds which invest in government bonds and other sorts of bonds for investors located worldwide.

Within all of the assets that we manage, the bulk of the assets, you would say, are actually allocated to US dollar securities.

Within all of the assets that we manage, the bulk of the assets, you would say, are actually allocated to US dollar securities.

Within all of the assets that we manage, the bulk of the assets, you would say, are actually allocated to US dollar securities.

Well, I guess, of course, it goes without saying that the US is the world's largest economy. It's the economic superpower. Obviously, the US has got the world's largest and deepest and most sophisticated financial markets. And sometimes we use the abbreviation TINA, which stands for there is no alternative.

Well, I guess, of course, it goes without saying that the US is the world's largest economy. It's the economic superpower. Obviously, the US has got the world's largest and deepest and most sophisticated financial markets. And sometimes we use the abbreviation TINA, which stands for there is no alternative.

Well, I guess, of course, it goes without saying that the US is the world's largest economy. It's the economic superpower. Obviously, the US has got the world's largest and deepest and most sophisticated financial markets. And sometimes we use the abbreviation TINA, which stands for there is no alternative.

Investors end up investing in the US almost because there's not enough choice to go shopping in elsewhere in the world.

Investors end up investing in the US almost because there's not enough choice to go shopping in elsewhere in the world.

Investors end up investing in the US almost because there's not enough choice to go shopping in elsewhere in the world.

Some of the policy announcements that we have witnessed have led investors to question whether the US economy will continue to grow as strongly as it has been growing in the past. And that's actually led us to adjust our view and actually turn more away from being one-time dollar bulls towards being dollar bears.

Some of the policy announcements that we have witnessed have led investors to question whether the US economy will continue to grow as strongly as it has been growing in the past. And that's actually led us to adjust our view and actually turn more away from being one-time dollar bulls towards being dollar bears.

Some of the policy announcements that we have witnessed have led investors to question whether the US economy will continue to grow as strongly as it has been growing in the past. And that's actually led us to adjust our view and actually turn more away from being one-time dollar bulls towards being dollar bears.

All of a sudden, there's a bit of a rethinking about how much can you rely on the U.S. if you're located overseas. And all of a sudden, the U.S. is looking like a less attractive destination for your capital. It's no longer looking as safe as it once was.

All of a sudden, there's a bit of a rethinking about how much can you rely on the U.S. if you're located overseas. And all of a sudden, the U.S. is looking like a less attractive destination for your capital. It's no longer looking as safe as it once was.