In the Margins

Funds prep for possible election upset

November 7, 2016

By Reuters

With the presidential election looking like less of a certainty for Democratic nominee Hillary Clinton than it did a month ago, mutual fund managers are bracing for more volatility by raising cash and getting their buying lists ready for opportunities. "The market has been pricing in a Hillary victory, and now with the introduction of the Comey letter, there's a stronger possibility that the base case doesn't happen," said Phil Orlando, portfolio manager of the New York-based Federated Global Allocation Fund. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...