Legendary investor Jim Rogers has said he owns more US dollar than any other currency despite the fact he believes it to be "terribly flawed".
Following a week in which currency has been pushed to the forefront of fund managers' minds, Rogers (pictured) said he expects currency volatility to continue for several years and has been reluctantly adding US dollar exposure as a result. "I own more US dollar than any other currency as I see more [global] problems coming. Currency turmoil has already started and will continue for the next three to four years," he said in a video posted to his personal website. Last week the Swiss National Bank shocked investors by abandoning its attempts to hold down the value of the Swiss franc vi...
To continue reading this article...
Join Investment Week
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
