• Principal Global Investors global strategist Seema Shah expects the main investment themes for 2020 to remain relevant despite the downside risks from coronavirus. She likes international equities including emerging Asia from a long-term strategic positioning.
• Now is different to the SARS outbreak in 2003. Firstly, asset valuations are more expensive leaving risk assets more vulnerable to shift in sentiment. Social media allows information to travel much faster. Finally, the global supply chain is now more interconnected.
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