One of Europe’s best investors says he doesn’t think about Trump

LONDON: One of this year’s best-performing European equity fund managers says trying to predict geopolitics is a waste of time for an investor.

“We don’t think about macroeconomics, we don’t think about interest rates, we don’t think about Trump, we don’t think about politics or Brexit,” said Kevin Murphy, who helps run the US$1.5bil Schroder Income Maximiser Fund, which has beaten 98% of peers in 2018 by focusing on UK value shares.