Finance
Pictet Scours Globe for Assets Safe From Trump’s Policy Agenda
- Deploys cash in nations with low correlation with US policies
- Prefers economies that are set for monetary policy easing
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Pictet Asset Management SA is boosting its investment in India and other emerging markets that the European fund company deems would be less affected by Donald Trump’s policies.
The firm, with about 254 billion Swiss francs ($288 billion) of assets under management, is favoring Turkey, Argentina and India as it looks for markets with robust domestic economic development and where interest rate cuts are expected.