Investors divided on oil after Trump walks from Iran deal
Donald Trump’s decision to walk away from the Iran nuclear agreement has left investors pondering the short-term prospects for the recovering oil and gas sector.
Fidelity fund cashes in on Trump military spend
Fidelity Special Situations fund manager Alex Wright has increased his allocation to defense companies in a move set to exploit Donald Trump’s significant increase in his military budget announced in Q1, as the US attempts to create a more lethal Joint Force.
The biggest losers in a US-China trade war
Making good on campaign promises made in the run-up to the 2016 election, Donald Trump has threatened tariffs of $160bn against China, while retaliatory measures from the Asian powerhouse totalling $50bn aim to target politically-sensitive areas of the US economy. Portfolio Adviser asks the investment industry which sectors would be worst hit if the war of words turns into reality.
Funds could create ‘wider problem’ for tech sell off
Global equity funds with large allocations to tech could result in a “wider problem” if Monday’s sell off continues with many investors exposed to the sector even if they do not have direct holdings.