Financial advisers around the world react to a Trump presidency
By International Adviser, 9 Nov 16
Following Donald Trump’s historic win in the US elections, International Adviser asked IFAs across the globe to give their views on the next president.
![UK](https://international-adviser.com/image-archive/ia/tr/Trumpwins-640x410.jpg)
Ian Brady, chief investment officer, Harpsden Wealth Management
“The anti-foreigner vote has won again and we now have xenophobic governments in the US, UK, Japan and Russia. Meanwhile in China President Xi Jinping has just been awarded the title last given to Chairman Mao – another liberal!
Trump can’t possibly keep to his election promises and doesn’t have many more friends in the Republican Party than he does in the Democrats so his policy will be constrained.
Markets are correct to fall as velocity of world trade will fall further and more infrastructure spending and less labour mobility will drive up wages. This should hurt bonds more in the medium to long term and fortunately for us we are very light corporate bonds and almost nil government bond exposure.
“We need to hear what Trump has to say and how big his win is before we can fully comment. The other thing to note is that Trump does not come into power until January and a lot can change between now and then.”
Patrick Gordon, Partner, head of research, Killik & Co
Donald Trump has been elected the 45th President of the United States, and the Republicans also look set to control the House and the Senate. The result of the vote has brought about a great deal of volatility in financial markets and after a sharp move lower in equity indices, many have begun to pare losses. Meanwhile perceived ‘safe havens’ such as core government bonds, the Japanese yen and gold have risen, but are off their earlier highs.
Tags: Donald Trump | US