Outlook – Second Quarter 2020
The outbreak of the Covid-19 virus, and plummeting oil price have rendered many assumptions from the start of the year redundant, and we have rapidly been required to update our own thesis. In this Outlook, we cautiously explain our expectations and asset allocation, aware that in the short-term market movements are currently erratic and news–flow is changing rapidly. Our defensive positioning prior to the crisis affords us the flexibility now to position portfolios for the future investment opportunities.
