Trump-Driven Volatility Sends Asian Funds Searching for Shelter
- There are a lot of ‘hidden gems’ in China, DBS Bank says
- US is less likely to implement tariffs on India: Manulife
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Donald Trump’s punishing tariff salvos and frequent flip-flops are laying down a challenge to Asian fund managers: how to avoid any potential wipe-outs in a headline-driven market.
The US president’s plethora of announcements in his first three weeks in office, targeting nations as diverse as Canada, Mexico and China, have whipsawed financial assets from Treasuries to oil and Bitcoin. They’ve also made selecting investments based on long-term fundamentals something of a fool’s errand.