Don't miss Philippe Bolopion, TOBAM's LBRTY strategy lead, in the Financial Times Sustainable Views edition, sharing his insights on the decline of democracy and its impact on investors #LBRTY #TOBAM #AutocraticExposure #GeopoliticalRisks
Grateful to the FT's Sustainable Views for publishing my opinion piece arguing that the last two decades of democratic recession have hurt the shareholders of publicly listed companies that became increasingly reliant on autocracies. ? By minimizing their exposure to authoritarian countries such as China and Russia, investors can improve their long-term returns. This risk factor becomes all the more relevant in a world rocked by geopolitical instability. ? At a time when traditional alliances between democracies are strained, it's worth remembering that democratic countries have a common interest in preserving a governance model that has enabled unprecedented wealth generation. ? The evidence is clear: In the long run, autocracy is bad for business. ? #LBRTY #TOBAM #democracy