Is it time for the end of the world trade?
In other words, is it time for fund managers to buy ultra-safe assets — the so-called end of the world trades — as the election of Donald Trump as US president heralds a new and highly uncertain period for investors?
Despite a boost to US stocks on expectations of Trump tax cuts and infrastructure spending, fund managers may be entering a period of extreme instability as a populist backlash threatens to create havoc with the markets.
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