It is fair to say that February was a significant month for both the economy and markets. The positive start to the month rapidly became irrelevant as the Coronavirus developed into both a humanitarian and an economic threat. Markets started to price in these mounting concerns on the 20th February and we saw a sudden drop in risk assets, with the average equity fund falling circa 10% toward the end of the month. However, from an investment point of view it was not all doom and gloom, as many safe haven assets managed to produce positive returns.
Read our full March Market Update here, where we discuss these positive returns, along with risk assets, bond yields and the Fed’s emergency interest rate cut.
Obviously markets are moving very quickly at the moment and we would like to make you aware that this update was written on Wednesday 4th March.
To view, save or print any of our Monthly Performance Update tables in PDF, please select your required version(s) below;
PMS Old Mutual Wealth (Income/Ethical/Equity)
If you have any queries regarding this update, or any questions relating to anything else, please do not hesitate to contact us by clicking here.
