Global economic activity is at a standstill as the world takes an aggressive stance to slow the spread of COVID-19 and that is having broad implications for the investment management industry. Aggressive fiscal and monetary policy responses combined with critical containment actions around the world have made a major economic impact, yet liquidity remains scarce and the outlook for earnings is soft.
When COVID-19 settles down investors will turn their attention to their portfolios and will hope that their investment professionals were diligently working to safeguard their assets during these turbulent times.