Depite the ongoing political drama, investors should not shy away from investing in the US, Pilotage Private Wealth CEO Yann Rousset has told Citywire Switzerland.
Rousset largely serves cross-border clients and international families and believes that the US continues to be a safe investment even in the wake of Trump's tariffs against China.
Rousset said: 'Is one person really going to turn the economy upside down? No. And a bet against America has never really paid off. If we think democracy and capitalism are our business partners, then no, I'm not going to bet against it.
'US large-cap equities has been the best asset class since 2008 and maybe the only one that has recovered properly. Anybody investing for the long term, should be looking 10 or 15 years beyond. Sure, there will be volatility, but it's short-term.'
The firm is against forecasting and instead uses a methodical approach, which Rousset said helps to avoid kneejerk reactions.
'Forecasting doesn't work – it never has and it never will. At the end of the day, we're humans and the markets don't care about my investment committee's decisions.
'We're long-term and disciplined in our investment process. We don't switch horses mid-race. In good times we build up a small cash pocket, and when there's a big correction, it's like everything we want is on sale.'