US election special: which investment themes win at the polls?
The upcoming US election could be one of the most momentous in recent history with potentially far-reaching global implications. With that in mind, we have been working closely with our global industry analysts (GIAs) and other experts to chart the potential impact of the election result on our 14 global investment themes, which span a wide range of sectors and industries and touch many regions. As a thematic team, we believe close collaboration with our GIAs helps us identify the most attractive companies within each theme, by aligning our strong top-down views with their deep bottom-up insights.
Perhaps surprisingly, one of the most consistent responses we received was that our GIAs did not see the election as a material event. However, there are some themes which have the potential to be impacted negatively by the election result, suggesting that it may be worth tracking risk factors in the run-up to November. Below we summarise potential considerations for each theme under different election outcomes with perspectives from some of our leading GIAs and portfolio managers.
