COVID-19 and the Impact on Equities — Factor Perspectives from Smart Beta and AQE
The impact of the COVID-19 pandemic continues to be felt across the world, although there are welcome signs that the pace of increase in the numbers of infection cases and fatalities may be slowing. The scale of the effect of such a health crisis on economies and financial markets has been unprecedented and well-documented.
In terms of equities, the headline returns have been stark but there are nuances worth teasing out and, to this end, we take a look at what has happened through the lens of factors, utilising two different approaches :
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Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
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