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Covid-19 impact: Consumer and mortgage finance - it's not 2008 all over again


The initial market reaction that “it’s 2008 all over again” does not stand up to scrutiny, in our view. The world today is very different to that in 2008. Although a severe economic crisis is a common thread running through both of these crises, we believe that the aftermath of the Covid-19 pandemic will play out quite differently. While the past decade was the decade of the corporation, we believe the coming one will be the decade of the consumer.

The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.
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