Some of the actively managed funds that have performed the best since the Nov. 8 presidential election are switching from "Trump Trade" bets on financial and infrastructure stocks into beaten-down sectors such as retail, apparel or biotech.
Some of the financial market's largest fund managers have taken a contrarian bet on gold, wagering that U.S. President Donald Trump's governing style and upcoming elections in Europe will combine to create more stock market volatility and boost the prices of a metal long seen as a safe haven.
When U.S. President-elect Donald Trump criticized United Technologies Corp's Carrier unit in November for its plan to move some 800 jobs to Mexico, the parent-company made a swift decision to keep the factory in Indiana.
Twitter Inc. executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend.
Donald Trump's surprise victory in the U.S. presidential race is pushing mutual fund managers out of dividend stocks and into the shares of financial, industrial and materials companies that stand to benefit from rising inflation.
Global stock markets are on their shakiest footing in years.Investors are fleeing stocks and running to safe-havens like bonds and gold, driven by concerns about economic growth and the effectiveness of central banks' policies.
Top stock-picking fund managers won 2015 by aiming for brand name companies and avoiding the sector bets that brought down biotech and energy investors.
Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched," portfolio manager Graham Tanaka saw an opportunity.
