After Successful Trump Trade, Global Allocation Fund Eyes Italian BanksMark Melin
While some stock analysts around the world were assuming the worst on the evening of November 8, fund managers Luis Bononato and Carl Icahn had similar thoughts. Going against consensus, both believed the election of Donald Trump would be a market positive. The analysis paid off for Bonoanato, head of the Global Allocation Fund, who now is looking at Italian and European banks with an eye for a bargain amid an uncertain European electoral future.
Icahn and Bononato like to buy on a drawdown
Perhaps one of . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible