This is an article published on Livewire recently.
Ying Yi Ann Cheng, Portfolio Management Director at Coolabah Capital Investments, says the manager spent almost one billion dollars buying assets in March 2020 in anticipation of the fiscal and monetary policy stimulus packages that ultimately lead to a strong market recovery. At the time, many investors were rushing for the exits and forecasting six to 12 months of market pain to come.
And Coolabah’s Cheng is predicting big things for 2021 if the widely anticipated COVID vaccines deliver on their early promise.
“We think that economic growth will be very strong going into 2021 because we think vaccines will soon be widely distributed.”