With more than 40% of the world’s population participating in elections this year, 2024 will prove an interesting opportunity for multi-asset investors to see how political events shape the outlook for different asset classes, writes Charlotte Moore.
Traditionally investors have not viewed elections as events which make a material difference to financial markets. Unless, of course, they yield an unexpected result as happened with the UK voting to leave the European Union and Trump winning the US presidential race. Downing fund manager Simon Evan-Cook says elections can "bring up more risks for multi-asset managers than opportunities". When you look at the long history of elections, they quite often they ended up being non-events over the medium-term and even over the longer short term, he added. "In 2016, when Trump won it was ...
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