Commenting on the initial results of the 2020 US elections, Azhar Hussain, head of global credit at Royal London Asset Management said:
“We are looking at a closer presidential and senate election than forecast, with a significant risk of litigation which could delay the results. Whilst uncertainty isn’t ideal for any risk markets, it is clear that monetary policy will continue to underpin the credit markets. We now expect fiscal stimulus to be delayed but there is likely to be no radical change even if the presidency changes hands, with an unchanged or finely balanced Senate.”
-ENDS-
About Royal London Asset Management
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £140 billion of assets and employs 113 investment professionals as at 30 September 2020. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued November 2020 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.