Obama arrival heralds widespread positivity

Managers anticipate major stock market turnaround as the arrival of a younger, more insightful president spells positive signs for beleaguered economy

The arrival of Barack Obama in Washington has signalled a more positive air among US fund managers, who see an energetic and insightful president replacing a tired presidency that was seemingly bereft of new ideas. Felix Wintle, manager of the Neptune US Opportunities fund, believes the change brought about by the US election result does bring with it positives for the US economy and investors in the US. "Obama is a younger, more intelligent man than Bush with fresh ideas and people are anticipating a turnaround and that has been reflected in the stock market. "His inauguration speech...