The outcome of the upcoming U.S. election, which will be decided this time next week, will likely affect institutional investors by determining the extent of changes to the capital market and global currencies, according to several investment professionals.
“If Democrat Hillary Clinton wins the election, the most likely result is that it’s going to be considered business as usual, [as] there will be continuity with the existing Obama administration,” says Luc de la Durantaye, first vice-president of global asset allocation and currency management at CIBC Asset Management, and manager of the Renaissance Optimal Inflation Opportunities Portfolio.
Read: How the U.S. election will impact currencies
On the flip side, a Trump win reflects a shakeup of the status quo and might bring risk to investors. There’s certainly a risk to short-term market pricing, says Todd Nelson, investment consultant at Willis Towers Watson. “… If Trump did win, whether or not the market viewed that as a surprise could create an even more pronounced short-term impact.”
Read: What could a Trump presidency mean for Canadian institutional investors?
One week out from the U.S. election, this week’s online poll asks whether or not institutional investors are worried about how the results could impact the investment climate. Have your say on the issue here.
Have your say: Are you worried about the results of the U.S. election next week and the potential impact on the investment climate?
Last week’s poll asked whether employees should be able to call in sick via text or social media messaging. The majority (56 per cent) of respondents said no, requiring employees to phone their manager keeps them honest and accountable, while 44 per cent answered yes, it’s important to account for new ways of communicating.
Read: Should employees be able to report sickness via text, social media?
