'Irresponsible fiscal policy' is a major concern in the current political climate, says CIO
October 03, 2018 at 21:28 PM EDT
"One of the main factors that we look at throughout emerging markets and the developed markets, take Italy for example, is the rise of populism leading to irresponsible fiscal policy. Probably one of the most important political variables we have to look at," said Michael Hasenstab, chief investment officer at Templeton Global Macro.