Bottom line
U.S. investors should watch for a Le Pen victory. She is the candidate perceived most likely to increase the likelihood of France’s withdrawal from the euro, which could have the greatest effect on global markets. Reacting to the uncertainty surrounding the upcoming election and the current market volatility with short-term decisions could be hasty. Stick to an investment plan based on predetermined, longer term goals.
Mark Burgess is CIO of EMEA and global head of equities at Columbia Threadneedle Investments.