The Canadian investment bank states that investors are turning to non-US assets for global thematics around AI, healthcare, defence in our latest index report.
At the Royal Bank of Canada (RBC), clients prioritised returns and were more willing to accept shallower barrier protection levels as the S&P 500 continued its rally breaking new highs up until the US presidential election. There’s a broad consensus that 2024 was dominated by US exceptionalism Into 2025, several private bank and wealth intermediaries have become cautious on the back of geopolitical tensions notably US tariffs. “This is reflected in more defensive product str