The biggest worry for the years ahead is how the relationship between Donald Trump’s US administration and China develops, with protectionism and what Merrick labelled “reverse globalisation” a big threat to international trade.
This analysis leads Merricks to avoid the larger companies with an international focus, who may suffer from downturns in global trade.
Still popular, and sectors which he said would perform well even in a slowdown are cyber security and robotics, both of which he tracks in passive funds.
