THE spread of COVID-19 is exacting a great humanitarian and economic toll across the globe.At times of heightened uncertainty there is an even greater need for patient active and transparent investment management to help clients navigate this challenging situation.A key component of this investment process is stewardship in particular engagement with investee companies.An active engagement program is an important way to identify investment opportunities as...

Investors with well-diversified well-designed portfolios should stay the course amid the COVID-19 volatility says Pendal Head of Multi-Asset Michael Blayney.Michael explains why in this short video. Or read the transcript below. TranscriptI'm going to provide you here with a brief update on our views on portfolio construction and current market conditions in light of the COVID-19 related volatility we are experiencing.The first point is it's...

A quick overview of government COVID-19 responses from Pendal Head of Bond Income and Defensive Strategies Vimal Gor.Watch this short video recorded at Vimal's home office or read the transcript below. TRANSCRIPT I've spoken at length over the last few months about the situation we're finding ourselves in in terms of markets and economics.The bottom line is the world economy was slowing and was susceptible...

RESERVE Bank Governor Phil Lowe may be cautious by nature but he can recognise when decisive action is required.The RBA has today delivered a rate cut to 0.25 .Exchange Settlement balances interest what the RBA pays for cash parked with them should have been 0 25 below but is now set at 0.1 .More importantly in the Quantitative Easing QE arena the RBA is targeting...

Pendal portfolio specialist Chris Adams presents a wrap of COVID-19 market observations likely scenarios and portfolio positioning insights from the Pendal team WE ARE now seeing the market price in economic disruption caused by government efforts to contain the coronavirus spread and flatten the curve .We ve seen from China South Korea and Singapore that economic lockdowns can be successful in limiting the increase in...

Financial markets have been through all sorts of crises and this is one from which the economy will eventually emerge, explains Pendal Head of Multi-Asset, Michael Blayney  (more…)

Two things are clear about the coronavirus at the time of writing. The attempt to contain the coronavirus spread in China will have a very significant impact on economic data and corporate results. And the scale of the impact is very unclear.