Darius McDermott: Managing the investment impact of COVID19

Last week was the week that markets finally succumbed: the threat of the coronavirus to both society and the economy truly went global. Since the outbreak in December, official figures point to more than 91,000 cases globally and over 3,000 fatalities. But, until recently, the economic impact has been largely localised with declining expectations in Asia, and China particularly. Now, I should be clear that there has been some impact globally, with cyclically sensitive sectors underperforming in January, while defensives, such as utilities, have done well. Energy is a good example of a...