People considering investments in the US should keep a close eye on the result of the forthcoming presidential election, according to one expert.
According to Cormac Weldon, head of US equities at Threadneedle, investment opportunities will vary depending on who wins the race for the Whitehouse.
For example, a Republican victory is likely to be beneficial for investments in utilities as this party is more pro-energy than its rival, he stated.
Pharmaceutical, medical devices and managed care investments should also benefit from a win by the Grand Old Party, Mr Weldon believes.
"A Democratic win would likely benefit smaller biotech companies, where Democrats favouring speeding up the Food and Drug Administration approval process," he said.
Yesterday, Legal and General announced that it is to launch a new investment product which will use a range of techniques to provide an "absolute return".
The investment fund is named the Diversified Absolute Return Trust and is focused on retail.
Election will impact US investments, expert states
Election will impact US investments, expert states
Thu, 30 Oct 2008
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