The man behind the Buffettology fund believes the US political system is well placed to block the more “mad-cap” policy ideas from president-elect Donald Trump.
Sanford DeLand Asset Management investment director Keith Ashworth-Lord manages the £64m CFP SDL UK Buffettology fund, which aims to mirror the investment principles of billionaire investor Warren Buffett.
Speaking at a Yellowtail Financial Planning client event in London yesterday, Ashworth-Lord said the fund's investment strategy will not be swayed by the likes of Brexit and the outcome of the US election, despite the uncertainty these developments bring.
He said: “I don't believe the rhetoric that was coming out of the campaign will translate into policy. I don't think Trump will be able to get away with some of his more mad-cap ideas.
“We have to remember a lot of senators were not backing Trump, and there will be a lot of checks and balances to guard against his wilder policies. That is what the US constitution was founded on.”
Ashworth-Lord admitted the more worrying prospect under Trump is the unwinding of free trade deals.
But he added: “His domestic policies, such as the focus on infrastructure, are reflationary. We should actually be doing more of that here in the UK. So I am not overly concerned.”
The post Mr Buffettology: US can guard against 'mad-cap' Trump policies appeared first on Money Marketing.
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