Toby Nangle
Toby Nangle

Toby Nangle

Co-Head of Global Asset Allocation & Head of Multi-Asset, EMEA

Verwandte Fonds

20 August 2020

Covid-19 - estimating the impact of market disorder on asset prices

Asset prices contain enormous amounts of information. This information is typically characterised as being both forward-looking and related to the economy – money-weighted investor expectations about future company earnings, defaults, inflation, monetary and fiscal policy. And, in our opinion, this is almost right. Asset prices consist largely of forward-looking expectations, but they also contain information about the current state of the financial system itself.
Lesezeit unter - 9 min

Verwandte Fonds

20 August 2020

Toby Nangle

Co-Head of Global Asset Allocation & Head of Multi-Asset, EMEA

Covid-19 - estimating the impact of market disorder on asset prices

Asset prices contain enormous amounts of information. This information is typically characterised as being both forward-looking and related to the economy – money-weighted investor expectations about future company earnings, defaults, inflation, monetary and fiscal policy. And, in our opinion, this is almost right. Asset prices consist largely of forward-looking expectations, but they also contain information about the current state of the financial system itself.
Lesezeit unter - 9 min
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