TNA - Q1 2020 Equity Manager Report: Special COVID-19 Edition
Were there any bright spots for equity managers amid last quarter's punishing selloff?
The first quarter of 2020 brought unprecedented levels of market volatility and significant negative absolute returns across most equity markets as the coronavirus pandemic swept around the globe. Not surprisingly, the quarter was largely a challenging environment for active management, particularly for UK, Japan, emerging markets, Canada and U.S. small cap equity managers.
On a relative basis, however, China emerged from this period as one of the best-performing markets in the world, despite being the probable origin of the virus. This is