Concentrated portolio remains unchanged following election
Positive headlines from the US have been rare this year - from social issues and divisive politics to economic underperformance.
Ed Smith, asset allocation strategist at Rathbones, has warned developed market indices, which have performed well since Donald Trump's US election win, are only experiencing a short-term rally before the negative aspects of his victory begin to hit home....
Unable to implement his policies due to legislation
Portfolio maintains longer-term outperformance
Key is understanding the effect of macroeconomics on the market
Designed to be held until 2022