There is still a huge amount of uncertainty for investors as opinion polls may shift as the U.S. election day approaches.
“If Trump wins you could perhaps make more money in the United States ... but Asia will probably still benefit. Whereas if Biden wins, perhaps U.S. comes off and Asia benefits,” Bell said. Figures from the Department of Commerce show U.S. foreign direct investment rose around $94 billion last year -- less than half the amount seen in 2015. Net flows to Europe were just $8.3 billion, versus $152 billion in 2015, the data showed.U.S. investment into foreign stocks and bonds has also fallen. U.S.
Dirk Willer, global head of emerging markets at Citigroup Inc, predicts U.S. foreign flows will recover if trade war noise ebbs. And even if Biden sticks to a hardline China stance, it is likely to be a less erratic one.
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