
The coronavirus is proving to be a black swan event
Justin Leveren. CIO Developing Markets Equities and Senior Portfolio Manager, Invesco New York.
Key takeaways
1. The pursuit of shareholder capitalism will come under greater attack
2. Oligopolies will be under pressure
3. Corporate empires will face internal pressures to find focus
After a decade of reasonable tranquillity – and disappointment – in recent weeks global equity markets have hit another “black swan”. While financial markets have shown signs of stabilising with the aid of massive fiscal and monetary stimulus from policy makers, the coronavirus outbreak is likely to have long-term consequences. For example, I believe it is likely to significantly change behaviour and approaches at fractal levels across society and culture, including demand for greater state capacity and governance.
To find out what long-term impact the virus outbreak could have on economies, sectors and companies, download the pdf.
Justin Leverenz will be covering this topic in his upcoming webinar, on 12 May 2020 at 3pm CEST. Register here.
Investment risks
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The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
Important information
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Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.
This document is marketing material and is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell securities.