For better or worse, Donald Trump's first few weeks in the White House have involved a flurry of activity - which the markets have always appreciating some of the new US president's decisions.

This week David Thorpe and Dave Baxter make up for Joseph Wilkins' decision to go on holiday by chatting with Gene Salerno, chief investment officer at Kleinwort Hambros, about how he is handling political risk.

He also discuss allocating defensively in the current environment and whether weak consumer confidence means we are at an inflection point.

The Asset Allocator Podcast is a weekly series aimed at discretionary fund managers, fund selectors and wealth managers, providing insight into the issues that drive investment decisions.

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