Insights
Market Review - March 2020
A little bit of context
As you can imagine the majority of our conversations over the last number of weeks have been about portfolio valuations and what’s the plan of action given the current situation. As you all undoubtedly know at this point is that we have recommended that clients stay the course and not jump out of their portfolios into cash. That was the case a number of weeks ago and remains the case today.
Reflecting on the recent drawdown and the extreme lows achieved, these were without a doubt a result of emotional decision making. Some investors panicked and moved to cash, crystalised their losses and are now waiting to move back into the market. Now as they wait for something to happen, the MSCI All County World Index (MSCI ACWI) grew by 20.13% from its lowest on the 23 March at the time of drafting this note.
