“Patriotism, Jobs and Trade“ is the pithy expression that best encapsulates President Trump’s economic priorities. Similarly, his guiding principle on policy formation can be best expressed by the rather straightforward question: Is it friendly to US businesses?

By bringing this pro-business perspective into the executive branch, the November election was clearly a real game changer and one that has elicited an understandably positive reaction from markets. However, in our view, many investors have been overly focused on the candy (tax reform, deregulation and infrastructure), while paying scant attention to the spinach (protectionism and “the big rewind“).

This white paper, co-authored by Epoch’s Bill Priest, CEO and Co-CIO, and Kevin Hebner, MD of Global Portfolio Management, examines the risks associated with the acutely protectionist views of Trump’s trade team.

To read the paper, click here.

GSFM

GSFM focuses on creating strong alliances with high calibre investment managers, in Australia and overseas, which offer quality investment strategies not available to Australian retail and institutional investors. Today, our portfolio spans global, Australian and Asian equities, fixed income and private credit, as well as alternative strategies.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.