Sentiment Indicator: Virus fears cloud insto allocation plans
The pessimism of many Asian high-profile insurers, pension funds and other institutions is reflected in their tactical allocation plans. As uncertainty rises, they lack clear convictions.
The dark cloud of investment uncertainty has descended even further than many asset owners thought possible when 2020 began.
Already grappling with how to tackle slower economic growth and volatile markets, sentiment took a significant turn for the worse in late January with the news of the novel coronavirus (Covid-19) outbreak.
The upshot has been abrupt changes in market direction and a new norm where previous conventional wisdoms no longer seem to count.
This is also clear…
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