While Trump and his third wife Melania attend a party in Florida, investors rethink their approach due to Trump's mixed signals on the ACA. (Photo: AP)

(Bloomberg) — The first weeks of Trump’s presidency have forced investors to continually rethink their approach as the Republican sends mixed signals with his appointments and statements, according to Krishna Memani, who oversees more than $220 billion at OppenheimerFunds Inc.

“You can’t blame the market for being confused,” Memani, who is chief investment officer, said Monday in an interview on Bloomberg Television. “After the election, we were expecting lots of things. What is becoming clearer is the fact that whatever we were expecting will take a long time to manifest itself, whether that is Obamacare, or whether that is fiscal stimulus.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.