13th January 2021
Rathbones: Investment Insights Q1 2021
Financial markets have been on a rollercoaster over the past year. There was a sharp drop in March as countries locked down and then a swift upswing followed, led by technology shares. Even unloved companies, particularly banks and energy firms, have rebounded lately, thanks to good news about vaccines.
We explore what’s likely to happen as vaccines are gradually rolled out and the global economy recovers in 2021. Many investors had shifted their portfolios away from stocks that were seen as winners of the pandemic into cheaper ‘value’ stocks that have been hard hit by lockdowns. Although we see limits to how much further this rotation can continue, we do believe a less cautious stance is now justified.
Investments, Investment Commentary, Partner Lead Story, Market Outlook
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