Economic evidence suggests that through relatively low-cost face masks and targeted physical distancing measures, economies can recuperate while vaccines and treatments are developed. From an investment perspective, we think this unprecedented moment validates the lessons of strategic discipline, risk management and quality.
Will the COVID-19 pandemic drive us into a higher inflation regime? This is a key unresolved question facing investors. In this publication GSAM economists discuss potential reflationary developments and disinflationary factors.
We believe a well-managed municipal bond portfolio may offer attractive yield potential, high credit quality and diversification in a broader portfolio.