Whether Donald Trump or Hillary Clinton wins the presidential election, they won't take markets down with them — and neither will general geopolitical instability — one money manager said Tuesday.
Some market watchers have cited risks from the election, especially with Republican Trump's knack for unpredictable behavior. But inherent U.S. stability will limit the damage of either candidate, said Ashbel Williams, chief investment officer for the Florida State Board of Administration, which manages more than $170 billion.
The U.S. dollar and stability from the "umbrella of the American armed forces" will likely keep geopolitical risks in check, he said at the Delivering Alpha conference sponsored by CNBC and Institutional Investor.
Williams spoke as part of a panel with two other money managers.
Neither candidate may prove particularly damaging to markets, said Mark Carhart, chief investment officer and founding partner at Kepos Capital. However, he said that both candidates can hurt markets with more "activist" government intervention.
