Managed by Greg Tournant
On track for 33% rise
Expands fund range
US stocks have had a chance to finish 2017 in style, as the economic recovery that started two years earlier received an additional boost from the much-publicised breakthrough on tax reforms.
Investors bullish on Trump tax bill
The old saying "markets like to climb a wall of worry" proved spot on in 2017, writes Russ Mould, investment director at AJ Bell.
While the big equity market story this year is the continuing rise of the FANGs (Facebook, Amazon, Netflix and Google) and their ability to disrupt established industries, markets have been brutal towards companies in those industries that are under attack....
Boost from tax reforms
Leading US smaller companies
Despite remaining expensive
Views of tax raises 'overblown'
By now, the broad outlines of the case against US equities are familiar: after a long bull market, valuations look high.
Team run $11bn GEAR fund
The demographic trend of the ageing of the population makes it likely that income investing will remain a primary area of focus for decades to come, writes Iman Brivanlou, managing director of high income equities at TCW.
Entering 2017, we expected a stockmarket 'melt-up' to the 2,550-2,600 level on the S&P 500 - a move we thought might run into trouble by late summer.
UCITS version of fund available to US investors
S&P 500 up 16% in sterling terms
Fed is 'behind the curve'
While US stocks reached record levels over the summer months, political turbulence in the US, heightened geopolitical activity - as a result of increasing tensions with North Korea - and investor concerns about the costly impacts of Hurricane Harvey weighed...
Figures from Alphabet, Amazon and Microsoft
Development of EM and US themes
Data from TrackInsight
Managing director and portfolio manager of Legg Mason's $840m ClearBridge US Large Cap Growth fund Peter Bourbeau has warned the biggest US stocks could suffer significant fallout if President Donald Trump fails to pass significant tax reforms, which...