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

From an investor's point of view, the best outcome of the US presidential election next week would be that the democrat candidate Joe Biden wins and immediately after his victory calls for collaboration with the republicans, according to Mads Pedersen, founder and CIO at Human Edge Investment Technology.

Following the rather polarized race, stability and collaboration would serve the markets best, notes Pedersen, who has been investing in global equities and bonds since 2003 as the head of asset allocation at Barclays Wealth, Danske Capital and, most recently, UBS.

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