Trump win could mean more work for advisers

Nikko managing director George Carter said geopolitical risks were becoming one of the big features of the modern investment market – alongside the US election, there is uncertainty around Russia, the stability of the European Union, and Britain’s departure from it.

“That’s something investors should be looking at,” he said. “But the role of advisers is very much to help people not make a knee-jerk, silly decision. They need to continue to make long-term, strategic decisions for their objectives. Advisers are really well-placed to help them do that.”

Mark Lister, of Craigs Investment Partners, said a Trump win would see global share markets fall by about 10%. “New Zealand would fall as well but maybe not quite so much. However, I would expect that this would probably be short-lived and we might see a recovery.”

There could also be a rise in the US dollar, which would be good for exporters here, he said, and a greater chance of a resurgence in inflation as well as increases to US interest rates.