St. James's Place: New Coronavirus - Market Implications
Are investors responding appropriately to the coronavirus?
It's been a rough week on markets, amid signs that the new coronavirus, COVID-19, is turning from an East Asian problem into a global problem.
The S&P 500 has lost more than 8% in the first few days of this week alone, and is now down for the year. Gold and US 10-year bonds, on the other hand, have shot up in value as investors have sought out safe havens.
Yet in the short term, it is easy for investors to over-react, which is why it's crucial to have a sense of the long-term outlook. In light of the uncertainty, this week we asked for the immediate views of two of our Asia-Pacific fund managers on what the virus might mean for the broader investment outlook, and for their holdings.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The opinions expressed are those of the fund managers listed above and are subject to market or economic changes. This material is not a recommendation, or intended to be relied upon as a forecast, research or advice. The views are not necessarily shared by other investment managers or St. James's Place Wealth Management.
