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
Funds managers are being urged by financial advisers to improve their “outdated” education and communication about alternative funds as they actively target them towards retail clients.
GAM Investments has appointed Eric Finnell as its managing director for Australia after his predecessor left to take up the CEO role at Global X.
Fidelity International has looked internally to appoint a head of strategic sales and solutions for its Australian division, which is a newly created role for the business.
Lonsec’s deputy CIO Deanne Baker has highlighted what investment tools the firm is harnessing to mitigate the impact of geopolitical risks in its managed account offerings.
