Latin America, Intermediary
Changechevron_right
Sustainable Investing
Stewardship Principles
The views expressed are those of the author at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
The first Trump administration isn’t a perfect analogy for assessing what kind of US foreign policy we should expect over the next four years. Unlike the first time around, we now have the largest war in Europe in decades, the biggest conflict in the Middle East in decades, increasing military tensions in the Taiwan Strait and South China Sea, as well as a rapidly fracturing global order that pits China/Russia/Iran/North Korea against the US/NATO/Japan/South Korea/Australia blocs. In addition, we are seeing the increasingly negative national security implications of climate change. These shifts in the geopolitical backdrop are structural, long term, and will likely continue regardless of this election result.
US national security policies will matter to this backdrop, and I expect the following in a second Trump administration:
All of this remains supportive of existing long-term national security investment themes, including legacy defense, defense innovation, and in particular, climate adaptation given that there will likely be less momentum toward decarbonization at the federal level over the next four years; this backdrop will also likely accelerate disruption/differentiation across regional, country, industry, company, and asset class levels — again, an ongoing positive for active management.
Expert
A guide to investing in the age of anxiety
Continue readingBond Market Outlook
Continue readingMultiple authors
Global Economic Outlook
Continue readingMultiple authors
Trump 2.0: US election market impacts
Continue readingUnearthing the unseen in geopolitics
Continue readingWhat’s next after Iran’s missile attack on Israel?
Continue readingBy
URL References
Related Insights
Stay up to date with the latest market insights and our point of view.
You've been subscribed
Thank you for subscribing. You can manage your subscription using the links provided in any of our subscription emails.
A guide to investing in the age of anxiety
There's a long list of issues worrying asset owners, from geopolitical risk to high valuations. To help, Head of Multi-Asset Strategy Adam Berger offers coping tips for an uncomfortable investment backdrop and a world where investing rules of thumb may be broken.
Bond Market Outlook
Our fixed income experts assess how to capitalize on market volatility with a flexible and dynamic approach that leverages diverse high-yielding opportunities and manages risks carefully.
Multiple authors
Global Economic Outlook
Our macro strategists continue to expect that the interlinkages between countries, central bank policies, and market pricing will change, creating potentially attractive opportunities for active portfolio management and security selection.
Multiple authors
Trump 2.0: US election market impacts
In the wake of the US election, macro strategists Juhi Dhawan and Michael Medeiros join host Thomas Mucha to discuss the market, policy, and geopolitical implications of Trump 2.0.
Unearthing the unseen in geopolitics
Unearthing the unseen in geopolitics. Watch Geopolitical Strategist Thomas Mucha delve into the investment impact of structural geopolitical shifts and share his latest take on the upcoming US election.
What’s next after Iran’s missile attack on Israel?
Geopolitical Strategist Thomas Mucha shares his analysis of the latest escalation in the Middle East conflict, including his thoughts on a wider regional war and the market implications.
By
Monthly Market Review — August 2024
A monthly update on equity, fixed income, currency, and commodity markets.
Bonds in Brief: Making Sense of the Macro — August issue
What's driving global bond markets and what are the investment implications? Read the August issue of "Bonds in brief" for Wellington Investment Director Marco Giordano's monthly assessment of risks and opportunities within bond markets.
Four investment perspectives amid a pivotal US election
How can investors reposition portfolios for a pivotal but highly unpredictable US elections? Nick Samouilhan explores potential avenues in conversation with three leading portfolio managers.
Multiple authors
Monthly Market Review — July 2024
A monthly update on equity, fixed income, currency, and commodity markets.
Harris vs Trump: The foreign policy and investment implications
Our expert examines expected Harris and Trump foreign policies and their potential impact on the investment landscape.
By
URL References
Related Insights
© Copyright 2024 Wellington Management Company LLP. All rights reserved.
WELLINGTON MANAGEMENT FUNDS ® is a registered service mark of Wellington Group Holdings LLP.
For professional investors and intermediaries only. This content is not suitable for a retail audience.
Monthly Market Review — August 2024
Continue readingBy
Brett Hinds
Jameson Dunn