Global Investing Giants Are Making Their Post-Covid Stock Bets
- Strategies include rotating into stocks beaten down by virus
- Some investors say shift into Europe, others stick with Asia
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Some of the world’s biggest investors say it’s time to position portfolios for an end to the pandemic. That doesn’t mean they agree on how best to do it.
One of JP Morgan Asset Management Inc.’s recommendations is to buy beaten-down shares of travel companies, airlines and hotels. Fidelity International Ltd.’s multi-asset team is increasing holdings in regions such as Europe that are badly hit by the virus, betting they’ll get better. Franklin Templeton contends it’s still too early to move away from places like Asia that have better handled the crisis.