In recent days, headlines surrounding the outbreak of the coronavirus have dominated financial markets. As the number of people infected continues to rise,
China and other countries have taken drastic measures to contain the virus. While these are increasing the chances of containment, they are also having a negative impact on several service-related sectors, especially in transport and tourism.
As we still have too little information to make a meaningful assessment of how long it will take for the coronavirus to be contained, we believe that prudence is warranted. Therefore, we have removed our overweight in equities. However, as earnings reports have shown in recent days, it’s too early to become outright negative on the asset class.
![MSCI World Index (EUR) MSCI World Index (EUR)](https://d51-invdn-com.akamaized.net/content/pic24ac6c59bafef084ffa732c6cca88711.jpg)