Newton Investment Management's Paul Flood, manager of its Multi-Asset Income and Multi-Asset Diversified Return funds, has rotated out of US financials in favour of non-American banks and alternatives, amid falling confidence in President Donald Trump.
Flood said an "isolated" Trump, who has this week seen Republicans openly distancing themselves from him and now has the lowest approval rating of any first-term President in history at just 34%, could...
The US dollar is close to peaking and the risks now seem to be on the downside.
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