Brian Singer, head of the Dynamic Allocation Strategies team at William Blair, told Forbes.com in a recent interview that he believes the financials sector’s challenges will persist no matter which U.S. presidential candidate wins the election in November. “Financials are an avoid to a short for us,” he added.

The article highlights Hillary Clinton’s increasingly adversarial tone on big banks is influenced by Bernie Sanders and his calls for a breakup of the banks. And Clinton “may get an anti-bank running mate to combat the image she’s cozy with Wall Street,” says Singer.

“Our advice is plan for uncertainty, not an outcome,” Singer told Forbes.com. “Don’t take risks you don’t understand or don’t feel compensated for.”

Singer goes on to say that he does not expect Clinton to push for any relief from the Dodd-Frank financial reforms, but he believes Donald Trump would take a different approach. “Trump would declaw [Dodd-Frank], but he also bashes Wall Street,” says Singer in the interview. “He’s throwing them a bone, but bashing them with a stick when they go after it.”

While Singer does not expect the challenges banks are facing to lighten up, he does not think they’ll get much worse, explaining that party platforms usually supersede any candidates’ promises. Having said that, he views Trump as a wild card—given his populist stance.

“Our advice is plan for uncertainty, not an outcome,” Singer told Forbes.com. “Don’t take risks you don’t understand or don’t feel compensated for.”

Read Brian Singer’s Forbes.com Interview

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Please carefully consider the Funds’ investment objective, risks, charges, and expenses before investing. This and other information is contained in the Funds’ prospectus, which you may obtain by calling +1 800 742 7272. Read it carefully before you invest or send money. Investing includes the risk of loss.

Any statements or opinions expressed are those of the author as of the date of publication, are subject to change without notice as economic and markets conditions dictate, and may not reflect the opinions of other investment teams within William Blair Investment Management, LLC or the Investment Management Division of William Blair & Company, L.L.C.

This material is provided for informational purposes only and is not intended as investment advice or a recommendation to buy or sell a particular security. Any investment or strategy mentioned herein may not be suitable for every investor.

Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Investments are subject to market risk. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be interpreted as investment advice, as an offer or solicitation, nor as the purchase or sale of any financial instrument. Statements concerning financial market trends are based on current market conditions, which will fluctuate.

William Blair does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax questions and concerns.

Distributed by William Blair & Company, L.L.C., member FINRA/SIPC.

Copyright © 2017 William Blair & Company, L.L.C. "William Blair” is a registered trademark of William Blair & Company, L.L.C. No part of this material may be reproduced in any form, or referred to in any other publication, without express written consent.

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Please carefully consider the Funds’ investment objective, risks, charges, and expenses before investing. This and other information is contained in the Funds’ prospectus, which you may obtain by calling +1 800 742 7272. Read it carefully before you invest or send money. Investing includes the risk of loss.

Any statements or opinions expressed are those of the author as of the date of publication, are subject to change without notice as economic and markets conditions dictate, and may not reflect the opinions of other investment teams within William Blair Investment Management, LLC or the Investment Management Division of William Blair & Company, L.L.C.

This material is provided for informational purposes only and is not intended as investment advice or a recommendation to buy or sell a particular security. Any investment or strategy mentioned herein may not be suitable for every investor.

Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Investments are subject to market risk. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be interpreted as investment advice, as an offer or solicitation, nor as the purchase or sale of any financial instrument. Statements concerning financial market trends are based on current market conditions, which will fluctuate.

William Blair does not provide legal or tax advice. Please consult your tax and/or legal counsel for specific tax questions and concerns.

Distributed by William Blair & Company, L.L.C., member FINRA/SIPC.

Copyright © 2017 William Blair & Company, L.L.C. "William Blair” is a registered trademark of William Blair & Company, L.L.C. No part of this material may be reproduced in any form, or referred to in any other publication, without express written consent.

Statement of Financial Condition | NMS Rule 605 & 606 | Business Continuity Plan | UK Stewardship Code
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