Business
‘Dark clouds are there’: Pendal chief warns of market shock if Trump wins – Sydney Morning Herald
Global market volatility will rise if Trump wins a second term as the market has priced in a blue wave for Biden.
The ASX-listed investment firm has more than two-thirds of its assets invested in global equities, with 28 per cent of funds in America, and Mr Gonzalez said markets had been rattled by COVID-19 as well as geopolitical instability that showed no signs of abating.
“Ultimately our business is one driven by flows, and flows are driven by confidence,” Mr Gonzalez said. “If the world loses confidence and growth and there is concern about the future outlook, that confidence will be somewhat dented and…
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