Stock markets around the world have appreciated significantly from their late March lows but the rebound has not been even.
Main Street and Wall Street seem to have decoupled in the last few weeks. It appears that investors are ignoring any future negative financial impact of the COVID-19 pandemic.
News on suspensions of redemptions from major UK open ended property funds as well as underperformance year to date have further underpinned the fact that MASECO has been a long-standing proponent of measured allocations into REITs.
With recession concerns intensifying in the wake of the COVID-19 pandemic, investors may be wondering whether small cap stocks are poised to struggle further. Small cap stocks this year have been hit by even greater fear than other parts of the equity market.
It’s tough being a value investor these days. Beyond the general equity market decline, value has underperformed the broad developed equity market by nearly 6% in the first quarter.