Financial markets around the world and MYTHEO portfolios were generally weaker in the month of March due to the rapid rise of COVID-19 infections globally, especially in North America and Europe.
To all MYTHEO investors,
I hope this note finds you and your dear ones well, safe and healthy. It is indeed a challenging time for us all.
Global market performance started strong in February but dropped dramatically during the final week of the month due to the hike of coronavirus (COVID-19) cases outside China, particularly in Australia, Italy, Iran and South Korea.
Fear of the coronavirus epidemic dampened market sentiments in January. Investors were disposing riskier assets such as equities and stocks but aggressively loading up the defensive assets such as bonds and fixed income.
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