3 days ago
You may be more exposed to the US than you think, does it matter?
I nvestors are often warned of the dangers of home bias — that is, putting too much of your money in your local stock market — but maybe the real risk lurking in your portfolio lies further afield. Do you really know how much you have in the American markets?
I do not invest directly into any US-focused funds, either through my Isa or my pension. Despite that, about 10 per cent of the value of my pension was wiped off in a single day in April when Donald Trump announced plans to slap huge tariffs on goods imported to the US from almost every country on the planet. And the global tracker fund that accounts for about three quarters of my Isa dropped 20 per cent. Neither has yet fully recovered.
