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Ready for trump’s industrial revolution

Home / Press Centre / Ready for trump’s industrial revolution

Michael Russell, CFA, Portfolio Manager, US All Cap
26 January 2017
Small and Mid Cap

The changing market environment in America is a clear opportunity for US equity investors, according to Michael Russell, Portfolio Manager, US All Cap, at Hermes Investment Management.

Since its launch, the Hermes US All Cap Fund has cumulatively returned over 11% in dollar terms against the benchmark return of 8%1. Carefully selecting sectors and stocks to take advantage of President-elect Trump's policy rotation is vital to continuing this trend.

The US market is set to finally shift from the ‘new normal’ of low interest rates, low inflation and limited growth that has dominated since the recession. With President Trump vowing to ramp up fiscal stimulus at a time when unemployment is low and wage inflation is increasing, it seems only a matter of time before growth and inflation begin to pick up in earnest.

To read more, click here: http://bit.ly/2jZg9aZ

  1. 1 As at 31 December 2016. Performance shown is the gross Fund performance in dollar terms. The inception date of the Fund is 28 May 2015
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Michael Russell, CFA Portfolio Manager, US All Cap Michael joined Hermes in March 2014 as the co-manager of the US SMID Cap strategy and became lead manager of the US All Cap strategy in May 2015. Michael was most recently senior portfolio manager of the Global Developed Markets Equity funds at Nomura Asset Management, where he worked for eight years. During this time he also acted as portfolio manager of the firm’s US equity funds for five years from 2005. Earlier in his career Michael held senior roles managing US equity funds at Merrill Lynch Investment Managers and Mercury Asset Management. He is a CFA charterholder and has an MA in Economics from Cambridge University. CFA® is a trademark owned by the CFA Institute.
Read all articles by Michael Russell, CFA

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