Wealth management companies are preparing for a period of transformation for their business models driven by the impact of Covid-19 and the ageing demographics of their client bases, according to a new survey.
Portfolio response to pandemic
Losses for year expected to recover to 7%
Over-valuation in tech, software and consumer staples
Coronavirus and oil price collapse lead to massive drop
Absolute Return fund up 22.6% YTD
Best performers revealed
Energy stocks and smaller companies hit hardest