Antonio Royo-Villanova, DWS Passive Sales Iberia
In this session, we will explore the impact of the COVID-19 crisis on different sector and factor returns.
As single stock return dispersion rises, selection across factors and sectors can help more than ever in generating excess returns. This is especially true during volatile markets and the drifts experienced so far have shown the pandemic as a catalyst for existing trends:
_Increasing need for Health care from researching vaccines to catering to ageing populations, and the continuous rise of IT and Communication services.
_Profitability issues around brick & mortar retailers and European financials, as well as potentially stranded assets in the traditional Energy sector.
_Continued outperformance of momentum, low volatility, quality and ESG stocks overall.