Wow, that was some 12-month period!
On the 12-month anniversary of the biggest drawdown since the GFC, it’s an interesting time to reflect.
Most risk markets, hybrid markets included, bottomed on or around 23 March before rallying strongly on coordinated government and central bank intervention. The rally that ensued produced extraordinary return outcomes – we might even go so far as to say ‘ridiculous’ return outcomes.
In this article for Firstlinks, Campbell Dawson from Elstree Hybrid Fund (Chi-X: EHF1) looks at the year that was.