Investment

Our CIO explains which sectors and companies he is pivoting towards based on government coronavirus advice.

by Angel Sanz

In his interview for Citywire Switzerland, Angel Sanz explains which sectors and companies he is pivoting towards based on government coronavirus advice.

Covid-19 will be contained, according to our CIO , Angel Sanz (pictured).

In China, the number of new infections is going down and the same is now happening in Italy. All other counties will follow, with some delays, he said to Citywire Switzerland.

Meanwhile, Angel Sanz has been shifting his allocations, basing his ideas on government guidelines.

We have increased our exposure to pharmaceutical companies as well as consumer staples and information technology, the three basic sectors that will maintain the higher level of activity during the lockdown periods.

Take Nestlé for example. They are going to do well as people still need to eat and drink. Certain industries have stopped during this outbreak but the food and drinks one will not.

Digitalisation is another theme which we believe has the potential to perform well at a time when people have to limit physical contacts.

Amazon is doing incredibly, but also Netflix and Visa. We really like Cisco Systems too.

Although the consequences of the coronavirus outbreak can provide investment opportunities, the cost of fighting the virus is damaging GDP.

I will change the allocations once I see what plans the governments put in place to find a solution to the falling GDPs. They are taking action, but I feel like they are still too shy and I would like to see more bazookas.

Read the full interview.

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