[GRTV] Managing KiwiSaver in a pandemic
When the impact of Covid-19 began to be felt around the world in March, markets reacted sharply. In the United States, it took the S&P500 just 22 days to fall 30%, although prices have since recovered.
"The complexity in terms of what we've seen and what is in front of us, I guess to state the obvious, has been pretty large," Huxford said.
"The speed of the declines that we've seen in some markets is almost unprecedented. And I guess in terms of the bounce, if you think about the US equity market that's been pretty interesting. We've kept very focused during this time in terms of directing our own research effort into the key issues that we think that we need to be thinking about. And also, taking research from the various research providers that we pay for and other sources as well."
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