Equity strategy and market outlook – March 2020

Published on 26 March 2020
Cropped - Equity strategy and market outlook

The continued global spread of COVID-19 represents the worst worst-case scenario for the global economy. Non-pharmaceutical intervention (NPI) methods, better known as lockdowns, are being employed in all major jurisdictions. As a result, there will be significant economic disruption in the very short term. However, in our view it is now too late to panic out of equity portfolios as valuations have fallen significantly. Investors should instead focus on the evolution of this healthcare crisis over coming quarters.

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