by Pat Keon, CFA.
In a quarter like no other (except maybe for the next one) COVID-19 laid waste to the investment landscape. As the U.S. was forced to shut down a large percentage of its economy to combat the spread of the virus, the damage was widespread. Equity markets quickly entered bear-market territory (a 20% price decline since the recent high), as demand for safe-haven assets increased, the Treasury yield curve rates retreated over 100 basis points (bps) at all maturities, new unemployment claims shattered the old record in back-to-back weeks, and the fixed-income fund universe felt the impact at both the performance and fund-flows levels.
Click here or the Download Full Report link in the upper right hand column of this page to download the First Quarter 2020 FundMarket Insight Report: Coronavirus Takes Over, Bond Funds Do Not Escape Unscathed