The Global Defensive Equity Strategy in the COVID-19 Era
In the COVID-19 era, investors face a difficult challenge: achieving return objectives in a persistently low-yield environment while still being mindful of risk as equity markets return to more normal levels of volatility. We believe that a nuanced approach to defensive equities that incorporates a dual risk and return mandate can help investors meet that challenge. In this piece, we’ll take a close look at State Street Global Advisors’ Global Defensive Equity strategy (also known as “GDE”) to see how the strategy performed in the March 2020 drawdown and subsequent rally, and to explore how GDE might benefit long-term investors in the current investment landscape.
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