Manulife’s Thooft Says Dollar Best Bet Amid ‘Pogo Stick’ Markets

The dollar is the best haven bet as market volatility picks up during the Mideast conflict, according to Nathan Thooft of Manulife Investment Management, who says he’s shifted more of his investments to the US since hostilities erupted.

Thooft, who helps oversee more than $300 billion at the firm, said the fighting and the leap in oil prices it’s caused have led him to reduce his allocation to non-US equities and non-dollar shorter-term bonds and move those funds into US stocks and Treasuries.