Nucleus Wealth, a small active manager in Melbourne with an international focus, made the call to dump their holdings in late January. Nucleus had 90% of their money in cash. A month later all hell broke loose. By mid March, they looked to be geniuses. By early June, things weren't so clear.
COVID-19 Update II
2020 March Quarter Review
We could say there were few highlights and only one story, however...
Governments moved swiftly to put in place stimulus support.
Central banks supported fixed interest liquidity and slashed interest rates.
Fixed interest provided invaluable support in portfolios.
Unfortunately, sharemarkets across the world fell significantly.