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By Mark DOWDING, CIO at BlueBay Asset Management
Fear replaces greed as the virus spreads. Markets traded in full-on flight to quality over the past week as the coronavirus spread globally, with more cases being recorded outside of China than within China for the first time. Increasingly, it would appear that the spread of the disease is becoming somewhat inevitable, just as the efforts to control the outbreak in Hubei Province seem to be paying off.
In many respects, it may be the case that in months and years to come, Covid19 ends up being regarded as just another flu-type bug, which is unpleasant in itself but principally only a significant threat to the old and the sick in society. However, for the time being, the fear associated with a...
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