
CIO Update with Will Bartleet, CIO and multi-asset portfolio manager at Pacific Asset Management
Market Overview
Markets
have fallen sharply over the past week as investors have been spooked by the marked rise in the number of coronavirus cases outside China. It is now
clear that the hopes that the spread of Covid-19 would be contained within China have been dashed, despite China’s draconian steps to halt the movement
of around 50 million people. The virus has now been detected in every continent apart from Antarctica and has become a concern for all countries around
the globe. As we write, there are over 83,000 reported cases, of which nearly 79,000 are within China.