June 30, 2020 |
When the novel coronavirus spread to Latin America in March, investors shuddered as economies went on lockdown. The S&P Latin America 40, an index of leading stocks, plunged 46%. With global markets in shambles and interest rates low, money managers scurried to review, fine-tune and even rethink their strategies for investors in and from Latin America.
This is the first global financial crisis since the 2007-09 Great Recession, and some managers quickly drew parallels. Would the markets again rebound relatively quickly? Or would the world enter a “new normal” of sweeping changes in how societies consume, live and work, thereby changing how and in what they invest?
The questions are still
Wealth management is about making educated guesses and holding convictions. In the COVID-19 age those calculations take on additional weight as the level of unknown unknowns increases