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Multi-Asset – CIO Market Update – 30th Mar 2020

Monday, March 30, 2020

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

News of a slowdown in new cases in Italy provided some hope that social distancing can control the spread of COVID-19. Although in the US, President Trump was forced to admit that life in America won’t get back to normal by Easter. More states in America issued orders instructing individuals to stay at home.

Australian Prime Minister Scott Morrison announced a further stimulus package, taking the total to A$320 billion or 16% of GDP saying “Now is the time to dig deep.” In more disconcerting news, Hungary’s parliament handed full control of the country to Prime Minister Viktor Orban for as long as he chooses.


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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