Margherita Orlandini, Corporate PR Manager
Commenting on concerns over the impact of the coronavirus on the markets, Trevor Greetham, Head of Multi Asset at Royal London Asset Management said:
“It usually pays to buy when others are panicking, so we are starting to add to equity positions in our multi asset funds in anticipation of stronger growth later in the year.
“Intensifying concerns over the impact of the coronavirus outbreak triggered the worst week for stocks since August 2019 with China particularly hard hit. As a result, our investor sentiment indicator is registering its first contrarian buy signal since that time.
“We expect the virus outbreak to make a dent in industrial production and consumer spending in the near term. Policy makers in China and elsewhere are likely to react by adjusting to an easier path and demand is likely to bounce back once the situation comes under control. There are already signs that global growth will improve as the year progresses, with our Global Growth Scorecard at its most positive level since December 2017."
About Royal London Asset Management (RLAM)
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages £139 billion of assets and employs 113 investment professionals as at end July 2020. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.
For professional clients only, not suitable for retail investors.
Issued by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.
For further information please contact:
Margherita Orlandini, Corporate PR Manager, Royal London
02032 725 125
07919 171 953