Big Funds Pile Into Treasuries, AI Stocks as War Risks Fade

Some of the world’s largest investment firms are buying bonds and artificial-intelligence stocks while selling the dollar in a bet that the worst of the global selloff may be over.

Schroders Plc’s Kellie Wood spent much of her Wednesday morning snapping up short-dated bonds including Treasuries, a move that Jupiter Asset Management Ltd. is also weighing, alongside plans to sell dollars. Franklin Templeton’s Andrew Canobi forecasts a rally in the 10-year Treasuries.