the articles & research center news
For several years now we have argued that the social theme, and in particular the issue of social inequality, was becoming a major issue for various global economies and for investors, both institutional and retail.
Jean-Jacques BARBERIS, Bastien DRUT, Théophile POUGET-ABADIE
On 23 February 2020, when Italy announced the Lombardy lockdown, and then on 11 March 2020, when the World Health Organization classified Covid-19 as a pandemic, what started as an emerging disease in China in a few weeks turned into one of the most serious health crises ever known. Equity markets across all financial centres plunged.
Jean-Jacques BARBERIS, Marie BRIERE
Without a doubt, the coronavirus is shaking the financial industry like never before. This is not the first time the world has faced a pandemic of this scale, nor is the first time that policy makers, business leaders and pundits have asked: “Is it different this time around? Are we at a turning point?”
Pascal BLANQUE, Vincent MORTIER, Jean-Jacques BARBERIS, Bastien DRUT, Théophile POUGET-ABADIE, Laura FIOROT
Without a doubt, the Covid-19 pandemic is shaking the financial industry like never before. But this is not the first time the world has faced a pandemic of this scale, nor is it the first time that public policymakers, business leaders and pundits have asked: “Is it different this time around? Are we at a turning point?”. In this new series of papers entitled “The Day After”, we share with our clients our thinking on what the long-term implications of the current, unprecedented crisis on the investment landscape could be.To start “The Day After” series, in this first paper – Covid-19: the invisible hand pointing investors down the road to the ‘70s – we distill the key conclusions of a new work. We highlights the key reasons the current crisis could be the trigger for a regime shift that could, in the long run, lead to a new equilibrium with features similar to those seen in the ‘70s. The road back to the ‘70s will take time to travel and will not be straight. In the journey along this road, investors will need to stay active and rethink their investment approaches around some key principles, which combined represent the new toolbox for the 2020s.
Group Chief Investment Officer