PA ANALYSIS: Weighing up White House risk

With the US election under a week away, some investment managers are choosing to ignore analysts and their predictions. However, others are fretting over the shocks to equity markets and the likely fallout from protectionist trade policies. Gary Greenberg, head of emerging markets at Hermes tells Portfolio Adviser that a Clinton presidency will more than likely mean ‘business as usual on trade,’ with a Trump win probably causing a tumble in global bond prices, due to his willingness to countenance a budget deficit of 10% of GDP.