Global investors rethink role of bonds, tech and ESG after chaotic 2020
This year’s dizzying rally in tech stocks gave investors an opportunity of a lifetime.
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. Updated: 28 Dec 2020, 08:23 AM IST Bloomberg
The massive stimulus doled out by global policy makers when markets seized up in March led to one instance of a breakdown in what has long been a negative correlation between equities and bonds
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This has been a year like no other.
Hammered by an unprecedented health crisis, global stocks tumbled into a bear market at record speed, and then rallied to new highs thanks to a flood of central bank money. Bond yields tanked to uncharted lows and the world’s reserve currency surged to all-time highs, only to then retreat to its weakest level in more than two years.