Trump red-tape policy could boost equities - Jason Pidcock's Asian view

Architas advent calendar - 13 December

clock • 1 min read

If the US takes the lead in lowering taxes and regulation - and the sentiment follows through elsewhere - the landscape could be very positive for global equities, believes Jupiter Asian Income fund manager Jason Pidcock.

Speaking in the above video, which continues Professional Adviser's Architas Advent Calendar counting down to Christmas, Pidcock discusses the kind of impact Donald Trump's policies might have on Asian markets next year. He suggests too many developed countries are heavily taxed and regulated so some of Trump's red tape-philosophy could be positive.

Pidcock continues: "2016 has been a fairly solid year in terms of returns for sterling-based investors. We can find many high-yielding stocks that look attractive versus local government bonds. And there are lots of well-managed and well-positioned companies across the region."

As for the countries he is finding of interest, Pidcock says: "Medium term and long term, I still like Australia as one the best-placed developed markets within Asia.

"In the more emerging market space, my preference is for the Philippines. Debt levels are relatively low and it is a market dominated by private sector companies rather than state-owned enterprises. Therefore there is a variety of ways we can invest in the theme of higher levels of domestic consumption."

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