Investment trust managers see US election as buying opportunity

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The presidential election will have a marked impact on US investments, while fear, turbulence and instability present good buying opportunities, according to fund managers interviewed by the Association of Investment Companies (AIC).

Peter Dicks, chairman of Private Equity Investor, said he believes the election will have an impact in the sense that it will remove an administration which has largely become a "lame duck" and more importantly, it will remove uncertainty. "The first 100 days will be significant, especially, in my opinion, if Obama gets in," he said. Dicks added that venture capital presented some particularly good opportunities. "There is a no 'damaged goods' aspect to this asset class which, in the current environment, must make it almost unique," he said. Garrett Fish, manager of the JPMorgan ...

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