Market update in COVID-19 lockdown

14 May 2020

REPORT PERIOD JULY 24, 2019 (HIGHEST POINT IN 12 MONTHS) TO May 14,2020

Coved-19 reaped havoc in the world markets as well as on our returns up to the turning point on March 25th. Some funds even made a profit over the current term.

Looking back, we find that we experienced lower returns since beginning of 2019. I decided to compare the past 12 months returns as an example:

24/07/2019 25/03/2020 14/05/2020
Liberty Bonds Fund+3.39-13.4+5.64
Liberty Unlisted Property+1.14+5.25+6.05
Liberty Listed Property+0.86-52.09-46.01
Coronation Balanced Plus+0.87-15.75-2.25
Coronation Property Equity+0.21-51.08-51.33

As you can see the drop was severe, but the recovery is very steep. The clever annalists say that the drop as well as the return, was the quickest in history. Listed Property still did not reach a turning point yet.

The monthly investors had a ball during this time. You buy units monthly at the unit price at that time. With the markets down you buy cheaper. This means that the recovery of your investment is much quicker in times like this.

Good news is eminent! The stock exchange is struggling upwards daily. It is god news for us!
Be safe and healthy, till next time.

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