www.thetimes.co.uk The spread of the virus blame game has prompted Ian Cowie to start selling up
Sell, not sorry, is the hardest word for investors because, while we buy in hope for the future, selling is an admission that this is where we stop the clock — for good or ill. Last Monday, I sold all my shares in Fidelity China Special Situations, JPMorgan Asia Growth & Income and JPMorgan Emerging Markets Income.
As someone who began investing in China and other emerging markets more than two decades ago, I sold with a heavy heart, but — like the economist John Maynard Keynes — when the facts change, I change my mind. The coronavirus crisis has shaken the global economy and will continue to do so, making it necessary to adjust my investment strategy.
