Thursday 24 March 2016 9:17 am

Investors should be more concerned about Donald Trump than a Brexit, says fund manager Richard Woolnough


I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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Investors should focus more on the prospect of Donald Trump than a so-called Brexit, according to a fund manager.

Richard Woolnough manages around £35bn at M&G Investments.

In a note to investors, he said the outcome of the US presidential election was more important than the UK's EU referendum.

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"Brexit is less of a concern than the US presidential election," Woolnough said.

“The likely impact on UK credit will be noise and uncertainty," he added. 

"But although Brexit fears are likely to cause volatility, a far more important political issue is the US election: investors should be less concerned with the EU referendum and focus more on the possibility of Donald Trump as US President.”

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