Most fund managers went into the pandemic holding the wrong companies. As the spread of the virus and the resultant economic carnage became increasingly apparent, many dashed to cash and other safe haven investments.
Unfortunately, this only meant that the stockmarket recovery was missed. The results have not been great, with the average fund within the global equity sector underperforming the market. Excuses Rather than go back to the drawing board and critically assess what went wrong, many investors sought to take the easier route and pass on the blame. "The Fed is propping up market" bandwagon was a rather timely and conceivable explanation. Yet if this was the case, why are European markets still deeply troubled, despite similar quantitative measures in Europe? Half of professional investor...
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