Aviva Investors' Emma Halley: Capital preservation is imperative

The Covid-19 pandemic has resulted in enormous uncertainty regarding the outlook for the global economy and markets.

That uncertainty pertains to the persistence of the virus, the measures governments might take to contain the spread, the economic impact of the both of those factors, and finally the monetary and fiscal policy support for households, businesses and asset prices. With so much uncertainty, our confidence in market developments from here is even less than usual. As such, it is imperative to act in favour capital preservation when constructing portfolios. This should involve a somewhat balanced risk allocation to market return strategies, such as equities and credit, while also having some ...