Coutts’ Fahad Kamal: Being overweight US stocks is worth the risk

Coutts’ Fahad Kamal: Being overweight US stocks is worth the risk

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‘People were pricing in Armageddon’ after Liberation Day, Kamal tells FN, but clients have benefitted from a reboundIllustration: Danilo Agutoli for FN

Liberation Day is an event that wealth managers are unlikely to forget anytime soon.

US president Donald Trump in April unleashed an unprecedented barrage of global tariffs, including steep hikes on imported goods for some of America’s key allies and major trading partners, wiping trillions of dollars off stock markets in a matter of days.