Morgan Stanley: Foreigners May Be Selling US Assets... But What Other "Safe-Havens" Are There?

By Vishwanath Tirupattur, global head of Quantitative Research at Morgan Stanley

The prospect of foreign investors reducing exposure to US assets amid concerns about the continued predominance of US Treasuries as a safe haven has been at the center of market debate over the last few weeks. Significant shifts in cross-asset correlations,