Before Donald Trump was elected the 45th President of the United States, his supporters claimed that he would be ‘good for US business’ and ‘good for the US economy’.
He brought an impressive track record to the White House as a successful media personality and star of The Apprentice; a businessman and property investor worth anything from $3.9 to $10 billion (or so the estimates claimed), despite going bankrupt several times in the 1990s and around the global financial crisis in 2008.
Well were Trump’s supporters right? Yes.
In the past year, equities in particular have delivered some impressive returns, while ‘safe haven’ assets (like gold) have fallen behind, according to research from Fidelity International.
For example, since November 2016, US equities have gone on to deliver a 15.04% return, meaning that had you invested £10,000 in the S&P 500, it would now be worth £11,504.*
However, it’s European equities that have delivered the best returns since Trump was elected.
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