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Hindsight, foresight and change at the speed of light

Hindsight, they say, is 20/20 vision. This being the year 2020, it turned out to be truer than ever before. For investors, and all of us really, there was so much about this year that was unpredictable, surprising and shocking.  With 11 months of the year now past, and in our penultimate note for 2020, we can look back at what investors might have known and could have done.

Macro outlook and investment convictions for 2021

2020 challenged all of us. The most severe economic contraction in decades triggered vast monetary accommodation and fiscal support packages that altered the investment landscape. Now, as we approach 2021, the promise of COVID-19 vaccines is game changing. It encourages us to anticipate a return to pre-pandemic activities.


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