The COVID-19 recession is increasingly looking like the tipping point for a sustained regime shift in policy, with potentially major implications for economies and markets.

Credit intensive and complex sectors sold off harder than higher quality credit in Q1, and have taken longer to recover. But in the past few weeks they have performed very strongly.

In late 2019, Steven Carew and Gary Wilson travelled to the US and UK as part of JANA’s ongoing capital markets research program. In addition to macro and markets research, the main objective of this trip was to review active asset allocation strategy within a multi asset portfolio context.

JANA’s Property Research Team asks:

“Has COVID-19 fundamentally changed the outlook and attributes of the major property sectors – what are the medium-term value implications?”