Global Value and Income Dispatch

Falling knives, iron gloves and The Shawshank Redemption: thoughts on the coronavirus from the JOHCM Multi-Asset Value team. 

  • Giorgio Caputo
  • Robert Hordon
  • Adam Gittes
06 Mar 2020
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View PDF   Download PDF  
  • The shocks from Covid-19 have rippled across a broad swathe of industries and could materially dent global economic growth. 
  • The travel industry has been hard hit; while caution is certainly warranted here, we have found some high-quality platform businesses in and around the industry's supply chain. 
  • If the virus spreads broadly, travel may begin to normalise more quickly than people expect. 


The views expressed are those of the portfolio manager as of March 2020, are subject to change, and may differ from the views of other portfolio managers or the firm as a whole. These opinions are not intended to be a forecast of  future events, a guarantee of future results, or investment advice.

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