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Fund managers share their views on outlook and challenges


Hitting reset button
IT was a year full of surprises and of many unprecedented events. Who knew a virus outbreak could shut down global economies, force countries to close their borders and ground airlines?
The market crash in March was a pandemic-induced one rather than a market failure like what happened during the Global Financial Crisis, Asian Financial Crisis and the dotcom bubble.
But the recovery in the stock market was surprisingly quick and investors are now looking at further pricing in an economic recovery, on the back of the hope that the Covid-19 vaccine becomes widely available.
Three fund managers spoke to StarBizWeek on their take on the outlook and challenges for 2021. ....

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Vaccine is the key


TWO words sent global markets and economies on a roller coaster ride in 2020 and it is the similar two words that will set the tone in 2021.
Covid-19 and vaccine will still be the main themes that shape 2021, dubbed the year of recovery as economies emerge from the pandemic beatdown.
The vaccine is literally the shot in the arm that is needed now because it provides not only the immunity to Covid-19, it is also the master key to the reset button to fully reopen economies and borders.
Various countries have gone through lockdowns and gradual easing of movement restrictions, only to reimplement lockdowns when cases spike or when there is a new outbreak. ....

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