Robert Crayfourd, portfolio manager at New City Investment Managers, on why Trump's policies will benefit the resources sector.
The outlook for resources has further improved since Donald Trump's election victory as his policies are expected to stimulate growth. However, subsidies provided to renewable energy are likely to be reduced as Trump is a known climate change sceptic and supporter of the domestic oil and gas industry; this should level the playing field. Does renewable energy have a Trump card? Demand in China also looks resilient, supported by strong house price appreciation, with tier 1 cities' housing prices up 28% year-on-year and tier 2 and 3 now in positive territory. This is leading to gr...
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