Portfolio managers at Goldman Sachs Asset Management have used the recent sellof...
), as well as companies in the travel and hotel sector, Katie Koch, Goldman Sachs’ global co-head of equities for its asset management business, said in an interview with Reuters.
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could lead to a recession, although stocks cut losses at the end of the day’s session. “We have not seen great outflows from our clients. We have seen higher engagement- more people calling and asking questions. This week we are going to end up in pretty strong net inflows into our active portfolios from clients globally,” she said.
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