PA Portfolio: Is the US shutdown a major concern?

US

clock • 5 min read

Commentators tell Rebecca Jones there are more pressing issues on the horizon, namely the looming debt ceiling deadline...

Ian Kernohan, economist, Royal London Asset Management The US government shutdown could be an issue for the market but the approaching debt ceiling deadline in mid-October is a much bigger deal. Back in August 2011, we saw similar problems: the US market was downgraded and markets were volatile. However, the economy is a lot firmer now than it was and the eurozone is more stable. These shutdowns are not unusual. Although we have not had one for a while, we have had quite a few over the past decades. However, it does illustrate the degree of polarisation in US politics at the moment. Be...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read