RWC's EM head Malloy dismisses Trump trade war fears

Commodity-producing nations will benefit

Natalie Kenway
clock • 3 min read

RWC's head of emerging markets John Malloy has said President Donald Trump's policies could be more of a tailwind than headwind for EMs as commodity-producing nations benefit from new infrastructure policies, while he added fears of a trade war are overblown.

The manager (pictured) of the $180m Global Emerging Markets fund, which launched in December 2015, said emerging markets outperformance versus developed markets, as seen in 2016 for the first time in four years, is set to continue. This is despite markets fearing Trump's election as US President will have a negative impact on emerging economies. "Trump was elected by a narrow margin. It was not a landslide victory so the next election will be tough," Malloy said. "He is going to have to deliver on his promise of higher growth with more jobs, higher wages, and more investment to get th...

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