RBC BlueBay - The US election and clean energy

With Trump and Harris hitting the campaign trail, the US election is hotting up. Robert Lambert, Portfolio Manager on our impact-aligned strategy investment team, looks at how the result could shape climate action.

Key discussion points include:

• The clean energy agenda: Donald Trump has been particularly vocal about his pro-fossil fuel views, whilst Kamala Harris has consistently supported expanding clean energy.
• The impact on bond markets: each administration’s economic, fiscal and regulatory policies could have implications for fixed income investors.
• The longer term: both presidencies could lead to higher yields due to increased government borrowing, but the reasons differ. We look at deregulation, inflation risks and public spending.

There’s much more to come before the big day on 5th November, but whatever the result, we anticipate pockets of volatility ahead. As active fixed income investors, harvesting this volatility means we are well placed to deliver returns to our clients.

Read the full article here