There is an old age adage in the investment world that ‘diversification is always having to say you are sorry’, as there is usually one part (or more) of a portfolio that does not perform as expected. Every asset class has its day in the spotlight, for good or for bad.
Volatility has continued to maintain its grip on global equity markets. During the earlier part of the week the market was focused on the unprecedented monetary and fiscal stimulus measures only for today, to refocus back on COVID-19 and the actual economic impact it is and will be having on the global economy.
Josh Matthews, Co-founder & Managing Partner features in the Spears article 'Don’t panic – wealth managers react to Covid-19'.