While the epidemic situation continues to worsen, particularly in the United States, the first encouraging signs seem to be emerging in Europe. Although the European down trend is not yet stabilized, China announced a first day without Covid deaths this week.
At the economic level, governments and central banks continue to do everything they can to support activity. Grey areas remain, and it is clear that we will not achieve a ‘V-shaped’ recovery. At the company level, analysts are cutting earnings expectations sharply.
How should you manage your portfolio in this environment? Will volatility remain high? Are some asset classes offering entry points today? Which assets might offer protection from another potential drop?
Our views with Nadège Dufossé, Deputy Global Head of Multi-Asset, and Florence Pisani, Global Head of Economic Research.
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Returns of different asset classes vary widely over time, and studies have shown that asset allocation decisions usually generate the lion’s share of a portfolio’s performance.Read more