The rapid and unprecedented spread of the novel coronavirus
(Coronavirus) which started in December last year and soon became
every economy's waking nightmare has dealt a severe blow to
businesses worldwide and posed a serious challenge to asset
managers across the globe. Funds and their managers are battling
various obstacles including accelerating fund outflows, substantial
share price falls and operational challenges to their client-facing
work as both international and domestic travel becomes increasingly
difficult.
It is currently too early to quantify the true market and
economic fallout from this outbreak and it remains to be seen how
much more damage, both in terms of loss of lives and economic loss
will occur as a result of this outbreak. However, the fund managers
should consider adopting certain key measures that may be
worthwhile in order to mitigate the damage and losses at the level
of the fund as well as their portfolio.
