INVESTMENT UPDATE & OUTLOOK QUARTER 1, 2021
April 20212020 was led by the impact of Covid-19 and the destruction it caused on the global economy. As we come to the end of Q1, we are pleased to see virus cases decreasing, mass vaccinations forthcoming and the economy rebasing along with what has become the new norm as we look at what changes – both economic and behavioural – will dominate the trajectory for the remainder of 2021. Bullish optimism at this juncture has been led by massive stimulus programmes and key overhangs subsiding, namely the US election and concerns over the vaccine rollout. Stronger investor positioning into Q4 2020 and Q1 2021 has been supported by improving macro data.
