Trump invests in corporate bonds from policy-boosted sectors
By Anupam Nagar, ETMarkets.com |
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Massive bond buying spree
US President Donald Trump purchased at least Rs 82 million worth of corporate and municipal bonds between late August and early October, according to new financial disclosures. The filings show more than 175 transactions, reflecting an aggressive investment phase.
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Total value potentially exceeds Rs 337 million
The disclosure forms list only broad investment ranges, but the maximum total value of Trump’s bond purchases could exceed Rs 337 million, indicating a significant expansion of his fixed-income holdings.
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Heavy focus on municipal and public-sector bonds
A majority of the assets involve municipal, state, county, and school-district bonds, reflecting investments closely tied to public agencies. These instruments form the bulk of Trump’s newly declared holdings.
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Corporate bond buys aligned with policy winners
Trump also invested in sectors benefiting from his administration’s policies, particularly financial deregulation. New corporate bonds include Broadcom, Qualcomm, Meta Platforms, Home Depot, CVS Health, Goldman Sachs, Morgan Stanley, and JP Morgan.
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JP Morgan and Intel bond purchases noted
Despite publicly calling for a DOJ probe into JP Morgan’s ties with Jeffrey Epstein, Trump purchased the bank’s bonds in late August. He also acquired Intel bonds after directing the government to take a stake in the company.
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Portfolio managed externally
The White House reiterated that Trump and his family do not personally manage his portfolio, which is overseen by a third-party institution. Trump previously placed his business interests into a trust run by his children.
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Earlier disclosures show larger trend
An August filing revealed that Trump had bought over Rs 100 million in bonds since returning to office in January, adding to a broader pattern of large-scale fixed-income accumulation.
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Rising income and crypto boost
Trump’s annual June disclosure reported over Rs 600 million in income from cryptocurrencies, golf assets, licensing deals, and other businesses. His aggressive push into crypto has significantly added to his wealth.
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Total assets estimated at Rs 1.6 billion
A Reuters calculation based on Trump’s June filing estimated his assets to be worth at least Rs 1.6 billion, underscoring his continued financial scale even while in office.
(Disclaimer: This slideshow has been sourced from Reuters)
(Disclaimer: This slideshow has been sourced from Reuters)