Speaking to Bloomberg, Mr Sipahimalani warned that a Trump victory could slow down global economic growth, creating unfavorable conditions for emerging markets.
His comments reflect apprehensions over the likely economic policies under another Trump administration, including potential tariffs and uncertainties, which he believes could disrupt markets worldwide. Despite this, Mr Sipahimalani expressed a preference for a Harris-led administration for its likely positive impact on emerging markets, while noting the potential negative effects of a Trump administration on the same economies.
Notably, 25% of S&P 500 companies’ revenues are generated outside of the United States, amplifying the potential effects of slower global growth on U.S.-listed corporations.
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