Exposure rates of the Dorval Asset Management Range – 20th March 2020

The plunge on the world stock-markets since the start of the coronavirus crisis can be seen as a build-up of risk premiums i.e. economic uncertainty premium, health uncertainty premium, liquidity premium, solvency premium, volatility premium, political risk premium, etc.

The unprecedented amounts pulled out of the central banks’ and governments’ coffers – equating to between 10% and 20% of GDP depending on the country – are beginning to tackle the liquidity, solvency and volatility premiums, starting with the bond markets (cf. chart 1).

Dorval AM Premium

Would you like to continue reading this article?

Become a Premium subscriber in a few clicks and get free access to full and exclusive content.

Every week, you’ll have a rendezvous to better decipher market news
Every month, you’ll get comments by our financial analysts on economic outlooks
Unlimited access to the strategic viewpoints of Dorval AM managers
Clear and detailed information on the evolution of our funds

Let us provide you with a customized discovery by giving us some clarification.

Choose your profil