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MyMoney Online

Vaccine optimism is priced in – asset manager

7 December 2020 7:48 PM

Investors are getting ahead of themselves, warns Pieter Hundersmarck, a fund manager at Flagship Asset Management.

News about the exceptional effectiveness of multiple Covid-19 vaccines about to be authorised have sent stock markets soaring.

Investors may be getting ahead of themselves, warns Pieter Hundersmarck, a fund manager at Flagship Asset Management.

Historically expensive markets are pricing in best-case scenarios for the distribution of vaccines, yet uncertainties remain.

It’s unlikely, says Hundersmarck, that earnings expectations will be met.


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The Money Show’s Bruce Whitfield interviewed Hundersmarck.

There are always opportunities…

Pieter Hundersmarck, fund manager - Flagship Asset Management

Analysts were very pessimistic…

Pieter Hundersmarck, fund manager - Flagship Asset Management

China has managed the pandemic incredibly well…

Pieter Hundersmarck, fund manager - Flagship Asset Management

In South Africa… we see a very encouraging bounce…

Pieter Hundersmarck, fund manager - Flagship Asset Management

The vaccine… will take time [to distribute] … it will bring normality in the next year or two…

Pieter Hundersmarck, fund manager - Flagship Asset Management

Worst-case would be a continuation of lockdowns…

Pieter Hundersmarck, fund manager - Flagship Asset Management

The risk is that earnings expectations don’t come through… a very likely case… FAANG stocks… their business models are incredibly robust…

Pieter Hundersmarck, fund manager - Flagship Asset Management

If we see another big event… it will be tough to hold the line.

Pieter Hundersmarck, fund manager - Flagship Asset Management

Listen to the interview in the audio below.




7 December 2020 7:48 PM

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