10 ms·
True but if they were confident the Sterling was in bigger trouble than the dollar they wouldn't have invested in it.
by Sylphine 9y ago
True but if they were confident the Sterling was in bigger trouble than the dollar they wouldn't have invested in it.
- traek 9y agoNo, they could believe that UK assets have a different risk profile than US assets and want to diversify, even if they think UK assets have a lower risk-adjusted return. Diversification is valuable.