US

Overweight healthcare equipment

A look back at the past three major downturns

Healthcare stocks served as powerful painkillers during last year’s market declines; while the MSCI World index fell by 8.7%, healthcare stocks grew 4.8%.

In the US, the consumer is king; spending is at its strongest in four-and-a half years, retail sales are up, jobs and productivity figures are steady and wage growth continues.

Market drivers becoming harder to predict

Overhaul impact on 'linkers' to be assessed

Managed by Adour Sarkissian

The US political landscape remains deeply divided as Republicans and Democrats gear up for next year's Presidential election.

Fund seeded with $25m in September

Country's growth story remains intact