Uncertainty over the economic impact of the coronavirus outbreak prompts some Lipper Award-winning fund managers to look for companies that can withstand a prolonged pullback by DKRandall
) warn investors their supply chains and revenues could be derailed by the rapidly spreading virus known as COVID-19.
“I don’t know how low we go and how long we stay there, but I still remain firmly of the belief that we are in a bull market,” said Retzler, adding that he was actively adding to companies during the market sell-off. “We have healthcare investments where we think that names are misunderstood, and we think the opportunities are great but are taking a little bit longer to excite investors,” Retzler said.
“Even in the face of economic disruption, people will still need healthcare and maybe even more so with a disease traversing the globe that ultimately hospitalizes people,” he said.The annual Lipper Fund Awards granted by Refinitiv, formerly the financial and risk business of Thomson Reuters, recognize the top funds and fund management firms in more than 20 countries based on risk-adjusted returns. Winners were announced on March 5 in New York.
Hancock is now focused on companies that can grow regardless of the economic impact of the coronavirus, he said.
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