The S&P 500 has opened down 1.4% and the Dow Jones Industrial Average has shed 200 points in the first trading session after President Obama's election victory.
Barack Obama has led the Democrats to victory in the US elections, being appointed for a second four-year term as President, defeating his Republican opponent Mitt Romney.
The inability of US funds to outperform the S&P 500 has been a long-standing concern for fund selectors, but performance figures for the term of Barack Obama's presidency paint a particularly bleak picture.
The US added 171,000 jobs in October, a higher-than-expected figure that suggests the country's economic recovery remains on track.
The manager of the world's largest bond fund has said a Red or Blue victory will not make any difference to the US economy as the effects of monetary policy have already reached their limits.
US President Barack Obama and Republican challenger Mitt Romney locked horns over the economy last night in their first televised presidential debate.
The US economy risks being in a state of gridlock for the crucial last few weeks of the year, irrespective of who wins the November election, according to a leading independent American political analyst.
As signs point toward a recovery across the pond, we ask industry experts whether the current progress can be maintained...