Industry Voice: A new investment order
Sion Cole
2020 has been a year like no other. BlackRock s Sion Cole looks at how the year has changed the investment order – accelerating shifts in how economies and societies operate across a number of different dimensions.
2020 will be remembered as a year like no other as political and economic headwinds grew and pension schemes were forced to grapple with the most volatility witnessed in markets since the financial crisis over a decade ago. Uncertainty ruled, and while some schemes weathered the storm better than others, many have seen their funding levels decrease significantly.
As we start to look ahead to 2021, and hope for a little more calmness and normality, it is difficult to deny the fact that we have entered a new investment order. The Covid-19 pandemic has accelerated profound shifts in how economies and societies operate across four dimensions: sustainability, inequality, geopolitics and the joint macro policy revolution.