Trump's win: no need to panic yet
Investors should take a long view and not be swayed by the short-term volatility that is likely to continue to roil emerging markets.
Add BT as a preferred sourceTHE US presidential election resulting in a victory for Donald Trump has many potential implications for markets around the world, including those of emerging markets.
When it became clear that he would emerge the winner, stock markets echoed the shock many US voters felt. Emerging markets were particularly volatile. Relations between the United States and Mexico - Latin America's second-largest economy - were a focal point for Mr Trump's campaign, amid promises to build a larger border wall to reduce immigration and to nullify the North American Free Trade Agreement (Nafta), which also includes Canada. Mr Trump's victory caused the Mexican peso to plunge to a record low against the US dollar the day after the election; Mexico's equity market likewise declined, along with most other Latin American markets.
While the global markets are likely to remain volatile for a period of time given the uncertainty surrounding potential US policies under a Trump presidency, I think we need to take a step back and realise that much of the rhetoric we heard on the campaign trail may not result in any concrete action.
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