Your FP/CM Newsletter – April 2020
PORTFOLIO POSITIONING AND CHANGING BEHAVIORS
CRAIG GIVENTER, CFA, Partner, Managing Director, Portfolio Manager
“Never let a good crisis go to waste” – attributed to Sir Winston Churchill
The COVID-19 pandemic is a crisis that has unleashed an unforeseen, horrible toll on individuals and entire countries. Governments, economies, and people young and old, are moving from denial to acceptance, and are recognizing that we face a crisis that is global in scale. We are all being forced to adapt to a quickly changing landscape.
However, in every crisis there is opportunity, and from an investment positioning standpoint, we are finding them. The decline in asset prices has been swift and deep, and as “risk” is repricing, new opportunities are occurring in both the equity and fixed income markets.