In mid-January 2020, China was announcing confirmed human to human contact of Covid-19, locking down Wuhan province and building temporary hospitals. While many investment managers carried out daily operations, some had their eye on China.
Nucleus Wealth was one. It is a small active manager in Melbourne with an international focus. The call was made in late January. They dumped their clients’ investment holdings and started moving to cash. What happened next is covered in this podcast.
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