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Jakarta Post

Taking advantage of 'temporary' market turmoil

  • Farash Farich

Jakarta   /   Mon, March 30 2020   /  01:26 am
Free fall: Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) in New York City, the United States. The Dow fell over 500 points on March 20 as investors continued to show concerns over COVID-19. (Spencer Platt/Getty Images/AFP)

Free fall: Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) in New York City, the United States. The Dow fell over 500 points on March 20 as investors continued to show concerns over COVID-19. (Spencer Platt/Getty Images/AFP)The stock market has declined by more than 30 percent year-to-date, while the bond market has erased its entire capital gain of 2019.

It is indeed a challenging time for asset managers in the capital market, both those who work as professional portfolio managers at institutions and individuals who manage their personal or family’s portfolio.

Now we are witnessing the highest year-to-date price correction since 2008. The previous significant year-to-date correction was in 2015 when the stock market declined by almost 20 percent. The bond market that outperformed strongly in 2019, marked by the declining 10-year go...