AMWatch

Asset manager remains US overweight even if he cuts exposure ahead of the presidential election

Investors should cheer for a Biden win next Tuesday, argues asset management firm founder Mads Pedersen. He is prepared to reduce risk significantly in his five funds that are currently heavily exposed to risky US assets pre-election in spite of their global investment mandate.

"Markets prefer stability, so when politicians have too much power, they can change too many things and they often mess it up," says Mads Pedersen co-founder of EyePerformance | Photo: PR / EyePerformance

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