Goldman Sachs konstaterer, at der typisk sker en bølge af investeringer på aktiemarkederne i løbet af de to første måneder efter et amerikansk præsidentvalg. Siden november 2019 er 29 milliarder dollar forsvunder fra aktiefondene af frygt for volatilitet, men der kommer en vending i flowet. Derfor anbefaler Goldman, at de, der allerede har amerikanske aktier, beholder dem.
EQUITIES
Investors have historically reduced their US equity exposure ahead of US presidential elections.
Cumulatively, US equity funds have seen outflows of ~$27 billion since November 2019 as investors prepare for ensuing market volatility.
However, history tells us that a reversal in flows typically occur just two months following election outcomes.
We think investors who stick to their equity holdings may be positioned to benefit from a post-election bounce.
