Smaller companies in the sun as vaccines roll out
Published 22 February 2021
Fidelity Personal Investing
Important information: The value of investments and the income from them, can go down as well as up, so you may get back less than you invest.
There have been several distinct phases in the market’s reaction to the Covid-19 pandemic.
The first month or so - from mid-February 2020 onwards - saw a broad-based sell-off as investors digested the news that the world was about to be seriously disrupted by the illness.
When prices bottomed out towards the end of March 2020 investors began to apply a bit more subtlety, looking for those industries which could not only survive lockdown intact but could actually thrive. That’s when it became clear that industries such as consumer staples, spe ...