The announcement that a vaccine for Covid-19 has been 90% effective in phase 3 trials involving more than 43,000 participants is encouraging news. It has come on the back of the US election, which will almost certainly see Joe Biden become the America’s 46th president in January next year when all the votes have been counted.
For the first time in a while, these events mean we can start to look forward with more certainty. Stock markets around the world have already soared, with sectors that have struggled the most this year rebounding strongly. In the attached note, we explore what all this means for the investment environment and how we’re managing portfolios.
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Issued by Omnis Investments Limited. This update reflects Omnis’ view at the time of writing and is subject to change. The document is for informational purposes only and is not investment advice. We recommend you discuss any investment decisions with your financial adviser. Omnis is unable to provide investment advice. Every effort is made to ensure the accuracy of the information but no assurance or warranties are given. Past performance should not be considered as a guide to future performance.
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