BMO’s Potter goes neutral US post-Trump, keeps Asia overweight

BMO Global Asset Management’s Gary Potter revised his funds’ underweight US position to neutral after the election, but did not back down from his convictions on Japan and Asia despite Donald Trump’s trade rhetoric.

BMO’s Potter goes neutral US post-Trump, keeps Asia overweight

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“The anti-globalisation theme is going on across developed markets and people are rebelling through the voter mechanism. There are several crucial elections in Europe next year and events like the horrible attack in Berlin are destabilising politically.

“In the UK, we are on the long path to Brexit and are still not sure what that means. So even though the UK market is heavily involved with stocks that are international in their reach and there are still some phenomenal companies to invest in, people have to be careful.”

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