How the new Trump administration could reshape global markets
In the fifth instalment of our 2025 Investment Outlook series, Hugh Gimber from JPMorgan and Alec Cutler of Orbis Global Balanced explore how the policies of the newly elected Trump administration could impact global markets. Hugh highlights the administration’s “America First” agenda, emphasising increased spending, tax cuts, and higher tariffs, which could drive short-term growth but risk elevated debt levels, inflationary pressures, and business uncertainty.
Meanwhile, Alec examines the ripple effects of heightened trade tensions, such as currency fluctuations and opportunities in undervalued markets like Chinese tech stocks. He gives his views as a contrarian about potential opportunities in global markets.
This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions.Past performance is not a reliable guide to future returns. Market and exchange-rate movements may cause the value of investments to go down as well as up. Yields will fluctuate and so income from investments is variable and not guaranteed. You may not get back the amount originally invested. Tax treatment depends of your individual circumstances and may be subject to change in the future. If you are unsure about the suitability of any investment you should seek professional advice.Whilst FundCalibre provides product information, guidance and fund research we cannot know which of these products or funds, if any, are suitable for your particular circumstances and must leave that judgement to you. Before you make any investment decision, make sure you’re comfortable and fully understand the risks. Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.
