Washington Newsletter - January 2021

The January 2021 Washington Newsletter produced by the US Government Affairs (USGA) office focuses on the following topics:
- The first 100 days: Biden’s big plans
- Personnel is policy: the nomination and confirmation game
- China policy: many choices for the new administration
- The legacy and future of executive order
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Investment risks
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The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Important information
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All data is as at 15 January 2021 unless otherwise stated.
This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.
Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals, they are subject to change without notice and are not to be construed as investment advice.