Investors in the US seem to prefer Mitt Romney for the presidency, according to a survey carried out by Barclays last week, though congressional deadlock is a worry under both candidates.
Based on the responses of more than 350 investors in Canada, the US and Europe, responsible for managing $10 trillion of client money, the prevailing view was that equities would rally if Romney triumphs over Barack Obama next week.
“Investors seem to believe in a more promising growth outlook under a Romney win, in spite of their concerns about a likely tighter monetary policy stance,” the report said.
Clearly, the market is either...
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