Even if a clear result for either candidate is achieved in good time, local fund managers say investors will still need to navigate the longer-term consequences of the two candidates’ differing tax agendas, energy policies, and diplomatic styles.
“I think the key difference between Trump and Biden is that the latter wants to provide more support … and if he can get a Democrat clean sweep, that rules out Congress being a permanent inhibitor to a legislative agenda,” says Perpetual’s head of multi-asset investment strategy Matt Sherwood.
“As such, traditional value and cyclical…
