Credit cards, Obamacare, and shale: Three US themes for 2015

The managers of the Threadneedle American fund are positioning for coming volatility through selective positioning in financials.

While remaining slightly underweight financials, co-manager Nadia Grant (above) identified growth areas such as card payments and exchanges. She told an audience at Investment Week’s US Breakfast Briefing: “Within financials we like the cards – American Express, MasterCard. That is really a play on your wallet becoming more plastic.” The fund also has a holding in the Chicago Mercantile Exchange. Grant (pictured) said: “We also like the exchanges. We think there is going to be a lot more volatility with the end of quantitative easing, and these companies will benefit from higher tr...