Coronavirus Market Impact
The Coronavirus is currently impacting investment markets. To stay fully informed regarding how Statewide Super are managing current events for our members, please stay tuned to this page for commentary from our investment team.
Last updated 31 March 2020
Our Chief Investment Officer Con Michalakis provides an update as we close out the month of March. His key takeouts are:
- Health is our number one priority as a society – we need to keep up the social distancing.
- The social distancing remedy is impacting economies and jobs. But he welcomes the government’s wage subsidies and jobs guarantee.
- Confidence – or lack thereof – (noting the stimulus and lowering of interest rates will help this)
- Diversification continues to lessen the impacts of the markets, and we are managing liquidity.