In the second part of our Big Question, portfolio managers assess how President Donald Trump's policies can be factored into investment decision-making.
Mark Leach, portfolio manager, James Hambro & Partners Volatile leader Initially, from a short-term investment perspective, Trump's tax reforms have had a positive impact on earnings, while deregulation and budgetary largesse have helped companies prosper further. The average earnings growth of the S&P 500 in the latest reporting round was 24% compared with Europe's 10% and Japan's 11%, illustrating not just the effect of reduced corporate taxes but also better underlying activity; companies outpaced analyst expectations by 6% on average in Q1. From a domestic point of view, the...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
