Strategy and Economics
A note from Mary-Anne Daly, Chairman - Schroder Wealth US Ltd., about COVID-19
In these extraordinary times, many aspects of our daily lives - from the goods and services we consume to our everyday routines at home, work and school - are being disrupted. The disruption could intensify in coming days and weeks and in the light of this, I wanted to write a personal note to clients, colleagues and other members of our community.
Firstly, it goes without saying that our thoughts are with those individuals and families directly affected by the coronavirus outbreak. As a business, the well-being of our clients and employees is our number one priority and we have implemented a range of measures aimed at containing the spread of the virus, playing our part in supporting health officials as they tackle the rising number of cases. At times like these, being part of a strong, global business means we can continue to provide the quality of service and operational capability that you expect from us, while substantially changing our working practices.
Every day brings new developments, both in terms of the virus’s spread and its impact on the economy and financial markets. We are monitoring the situation closely and are ready to respond rapidly. Our website will be regularly updated with our latest thinking.
At the same time, as an investment business with over 200 years of history, our role as stewards of your investments is to look beyond the immediate. One thing we do know is that this bear market will pass, just as the financial crisis of 2008 and previous bear markets passed. We know what can be accomplished when individuals, institutions and nations pool their talent in search of solutions to world problems. We see first-hand what human ingenuity can achieve in the fields of medicine and technology - and with what speed. While the days ahead will continue to be challenging, and while I do not underestimate the scale of this global issue, I have a powerful sense of optimism.
Meanwhile, my colleagues and I will work as one to get through this and be on hand - by email or phone, if not in person - to deal with your requests and queries as efficiently as usual.
This article is issued by Schroder Wealth Management (US) Limited, a firm authorised and regulated by the Financial Conduct Authority and registered as an investment adviser with the US Securities and Exchange Commission. Registered office at 31 Gresham Street, London EC2V 7QA. Registered number 10761882 England. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. All data contained within this document is sourced from Schroder Wealth Management (US) Limited unless otherwise stated. For your security, communications may be recorded and monitored.