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.
(Bloomberg)Premium
. 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
Share Via
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.
December 28, 2020 | 12:03 am Font Size
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 as 2020 draws to a close.
Global asset allocators from BlackRock, Inc. to JPMorgan Asset Management have outlined their takeaways for investors from the volatile year. Here are some of their reflections:
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 as 2020 draws to a close. Global asset allocators from BlackRock Inc. to JPMorgan Asset Management have outlined their takeaways for investors from the volatile year. Here are some of their reflections: 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. The 10-year U.S. Treasury yield rose from 0.3% to 1% within a week, and simultaneously equity markets continued to fall.