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Multi-Asset – CIO Market Update – 23rd Apr 2020

Thursday, April 23, 2020

CIO Market Update with Will Bartleet
CIO and multi-asset portfolio manager at Pacific Asset Management

A further 4.4 million Americans filed for employment benefits, taking the five-week number to 26.5 million. US biopharmaceutical company Gilead released results of Remdesivir, its potential antiviral drug for the treatment of COIVD-19 which showed that drug performed poorly in its first clinical trial. In a change of tone from the US President, Donald Trump said that he disagreed with the Georgia governor’s decision to begin to loosen curbs next week.

The number of Italian patients that have recovered from the coronavirus exceeded new infections for the first time.

IMPORTANT INFORMATION: Issued and approved by Pacific Capital Partners Limited, a limited company registered in England and Wales, authorised and regulated by the Financial Conduct Authority. The information contained herein is not approved for use by the public and is only intended for recipients who would be generally classified as investment professionals. Information or opinions contained in this article do not constitute an offer to sell or a solicitation, or offer to buy, any securities or financial instruments or investment advice or any advice or recommendation in respect of such securities or other financial instruments. Where past performance is shown it refers to the past and should not be seen as an indication of future performance.


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