EDITOR ’ S LETTER
Issue 25 / January 2017
SOFT TRUMP / HARD TRUMP What the new president means for investors
ISSUE 25
CREDITS
FOLLOW THE MONEY
Why it pays to be passive across the
THE FINAL STRETCH
A strategy for the run-up to retirement
DON ’ T COUNT YOUR CHICKENS
Why you shouldn ’ t take recent gains for granted
TRUSTNET MAGAZINE ( FORMERLY INVESTAZINE ) IS PUBLISHED BY THE TEAM BEHIND FE TRUSTNET IN SOHO , LONDON .
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Anthony Luzio Editor T : 0207 534 7652
Y OU MAY REMEMBER THAT I HAD A
BIT OF A WHINGE back in November when Donald Trump won the US election . The fact I hadn ’ t realistically entertained this result caused me no end of problems as I realised a matter of hours before the print deadline that much of that issue ’ s content had become redundant overnight , necessitating a caffeine-fuelled last-minute overhaul of the magazine .
As Trump takes the keys to the White House , there may be a lesson here for investors about preparing for the unexpected . As Daniel Lanyon points out on page 12 , for example , it would be unwise to take for granted the market ’ s gains since the US election and the UK ’ s very own political upset in the form of Brexit . Staying on this theme , Cherry Reynard attempts to decipher what Trumponomics will actually mean for investors , I ask a selection of risk-averse fund managers how they are hedging against the biggest threats to the market and Adam Lewis looks at the prospects for the IA North America sector . Square Mile ’ s Jason Broomer even gets in on the act by selecting Cormac Weldon ’ s Artemis US Smaller Companies fund in the regular What I Bought Last feature .
Elsewhere , Trustnet Direct ’ s John Blowers explains why he is reluctant to reduce risk in his pension portfolio as he enters the run-up to retirement and Miton ’ s Eric Moore highlights three stocks that are likely to raise their dividend in the years ahead .
Enjoy reading – unless , of course , Donald Trump is impeached by the time this hits your inbox , in which case you should feel free to disregard the rest of this issue .
Art direction & design Javier Otero W : www . feedingcrows . co . uk
Editorial Gary Jackson Editor ( FE Trustnet ) T : 0207 534 7680 Rob Langston News editor T : 0207 534 7696 Lauren Mason Senior reporter T : 0207 534 7625 Jonathan Jones Reporter T : 0207 534 7640
Anthony Luzio Editor
Trustnet Magazine
Sales Richard Fletcher Head of publishing sales T : 0207 534 7662 Richard Casemore Account manager T : 0207 534 7669
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