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French fund managers sanguine despite election risk

Their global peers fret about the risk of Le Pen winning the vote, but the French see a more moderate candidate prevailing
Saturday, March 18, 2017 - 05:50

HEAVY ODDS: Ms Le Pen (centre) at the International Agricultural Show in Paris. Polls have consistently shown that she is set to lose by a wide margin in the final round of voting on May 7. The latest daily Opinionway poll shows Mr Macron beating her 60 per cent-40 per cent, and Mr Fillon beating her 56 per cent-44 per cent.

FAR from Paris, global investors fret about the risk across asset classes of anti-European Union (EU) candidate Marine Le Pen winning France's presidential election. Yet the country's biggest money managers, who together oversee US$3 trillion, are holding on to their European equity positions.

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