Defeat for Marine Le Pen in the French election on Sunday would boost risk appetite generally, say fund managers. But US equities are widely viewed as overvalued.
Most believe victory for National Front leader Marine Le Pen in the French election would have a sharp negative impact on Asian assets. But some take a rather different view.
Regional investment heads at DBS and Lombard Odier say emerging markets are a better bet amid heightened political risk and uncompelling valuations in developed Europe.