Insider Q&A: Yes, politics affect markets. No, you may not be able to profit on that

Every election year, investors rush to make bets in financial markets on what they think will happen. Policies from Washington, after all, have a big impact on the economy from corporate tax rates to subsidies for certain industries. But hoping to profit off such hunches may be more foolish than expecting partisans to stop demonizing each other. So says Rich Weiss, who oversees the team managing target-date retirement funds and other investments that own a mix of different assets for American Century Investments. He spoke recently with The Associated Press about how difficult it is to benefit from political bets in markets.