The past two weeks have been bruising for investors. The spectre of the coronavirus and its potential impact on the global economy have precipitated a flood of selling that has seen dramatic market falls not witnessed since 1987.
As those of you who read our communications will know, we have been well positioned for this market downturn believing markets were grossly over-valued…even if we had not anticipated both its scale and rapidity.
Over the course of the past six months we have gradually…