Positioning portfolios in the face of policy exits

COVID-19 is a health crisis of epic scale, affecting almost every country in the world socially and economically. Yet, the global pandemic has not stopped financial assets from showing spectacular returns.

Equity markets surged to new highs even though many economies have not recovered to pre-pandemic levels. This surprising outcome was due to the massive stimulus put in by governments and central banks. The bold and decisive actions by policymakers ensured that the pandemic will not leave long-term economic wounds.

Countdown to lift-off