Trump's America-first world is pushing other powers to hedge their bets

The meeting between Xi, Putin, and Modi in New Delhi highlights the growing trend of emerging market economies seeking to reduce their dependence on the US. As the US pursues an America-first policy, other nations are being forced to reassess their relationships and alliances. For investors, this shift has significant implications, particularly for those with exposure to emerging markets. The potential for BRICS nations to increase cooperation and find common ground could lead to new investment opportunities, but it also poses risks if these nations begin to decouple from the global economy.

The current tensions between the US and other nations, including the ongoing trade war with China and the conflict with Iran, are driving this trend. The imposition of US tariffs and sanctions is testing the resolve of other nations to find alternative partnerships and reduce their reliance on the US dollar. As fund managers, it is essential to monitor these developments closely, as they have the potential to impact portfolio performance. The meeting between Xi, Putin, and Modi is a significant indicator of the growing desire for cooperation among emerging market economies, and investors should be watching for signs of increased collaboration and investment opportunities.

As the situation continues to evolve, investors should watch for signs of increased economic cooperation between BRICS nations, including potential agreements on trade, investment, and currency exchange. The ability of these nations to find common ground and reduce their dependence on the US will have significant implications for global markets and investment portfolios. Fund managers should be prepared to adjust their strategies in response to these developments, and investors should be aware of the potential risks and opportunities that arise from this shift in the global economic landscape.

Originally reported by cnbc.com. FundNews adds analysis for finance & markets readers.