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Deep Dive: Worried about Trump failing to boost the economy? This money manager has a strategy for that

Some investors fear President Trump won’t be able to spur economic growth, a scenario that could hurt the stock market.

Ernesto Ramos, head of equities for BMO Global Asset Management, is all but sure the businessman-turned-politician will fail to deliver on his promise of 3% to 4% economic growth. That’s why he’s making a case for a weaker-than-expected economy, which plays into his strategy of selecting quality companies with stocks that have low price volatility .

Among defensive stocks he favors are Apple Inc. AAPL, +1.48% Baxter International Inc. BAX, -0.47% (which makes pharmaceutical equipment) and American Express Co.

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