US/China at risk of tech war
The US and China are no longer just at risk of a trade war, but also a technology war, according to RWC Partners.
John Malloy Jr, RWC Partners co-head of emerging and frontier markets, said there were publicly-traded companies out there that were at risk, if further sanctions happen.
“Where we are concerned on US politics impacting our portfolio is US/China and we think it’s not a trade war, but a technology war,” Malloy said.
“We are reluctant to have hardware or even software exposure in China that would potentially be impacted by sanctions or them not having access to the US market.”
When it came to the US election generally impacting emerging markets, Malloy said the uncertainty made it useless to focus on right now.
“As [former US Secretary of Defense, Robert] Gates said ‘the election doesn’t start until after Labor Day’, which is on 7 September,” Malloy said.
“You’re going see polls [and] people saying ‘Biden is ahead by X amount’, there’s going to be an enormous amount of noise.”
AUTHOR
Chris Dastoor
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
