What happens when ‘safe’ assets stop being safe? Infrastructure and gold are both traditionally seen as safe havens - yet recently they’ve been telling very different stories. One has quietly gathered momentum, while the other has lost its footing, despite an environment where many investors might expect both to benefit.

Why are two assets often grouped together as safe havens now behaving so differently?

This week, Jane Parry, Chief Marketing Officer, was joined by Leah Bramwell, Head of Tailored Investment Solutions, to discuss:

• Why infrastructure has evolved beyond a purely defensive role
• How AI-driven investment is feeding through into utilities and energy networks
• Why gold hasn’t behaved as expected despite inflation and geopolitical uncertainty
• What the divergence between traditional safe havens tells us about today’s market dynamics.

This episode is a reminder that labels like ‘safe haven’ can hide very different underlying drivers.

If you have any feedback on this episode, the podcast overall or questions regarding future topics, please email coffeebreak@canaccord.com. We’d love to hear from you.

Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.

The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity. It is accurate at the time of recording and is subject to change.

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