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Washington Outlook: Capital Wrapup


The folks who run $7 billion worth of institutional-investment portfolios expect Clinton to win, are unhappy at the prospect, but don't plan to change their behavior significantly. That's the conclusion of a survey of the world's 100 leading institutional investors by the proxy-solicitation firm of D.F. King & Co. Participants favor Bush over Clinton 46% to 25%, but 62% think Clinton will prevail. Still, 74% say the outcome of the election will have no effect on their near-term global allocation of assets. And only 14% say they expect to reduce exposure in U.S. markets if Clinton wins.Edited by Stephen H. Wildstrom

The Aging of Abercrombie & Fitch
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