A $50 billion London-based investor, Impax Asset Management Group Plc, is taking a contrarian stance on President-elect Donald Trump's economic policies. Contrary to the prevailing belief that his administration will drive inflation, the firm anticipates that Trump will actively work to keep inflation in check, recognizing its significance in his election victory.
Vanguard Group Inc. increased its stake in Masco Corporation, owning over 26 million shares valued at $2.07 billion. Other institutional investors, including Massachusetts Financial Services and Van ECK Associates, also raised their holdings, contributing to institutional ownership of 93.91%. Analysts maintain a "Moderate Buy" rating for Masco, with price targets ranging from $80 to $96, while the stock recently traded at $80.61.
Impax Asset Management plans to significantly increase its credit exposure, shifting from a 100% equity portfolio to a more balanced 50-50 split between equities and credit. CEO Ian Simm believes this diversification will demonstrate the firm's capability to manage both asset classes and help revive growth.
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