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Home / White Papers 2020

Asset Allocation Report June quarter 2020

Vanguard Investments Australia
30 July 2020

Quarter in review

Following the sharp fall in markets at the start of the year, Q2 saw strong rallies across global equity markets as investors shed their bear skins for bull horns. Ultra-loose policy and expectations that economic lockdowns could soon ease restored some positive sentiment in markets, fostering conditions for a 'V-shaped' recovery in risk assets. However, there is validity in questioning the speed and magnitude of the rebound given much of the real economy is only slowly emerging from hibernation. Investors have begun incorporating some caution into their outlooks, especially when assessing the loss of output, profits and employment that can be recouped in 2020.

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