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.
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- 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