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The coronavirus roiled dealing rooms when it began spreading worldwide, but its effect on the burgeoning sustainable investment trend could be even more dramatic, says Michael BALDINGER, Global Head of Sustainable and Impact Investing at UBS Asset Management.
In little more than a month, the world has been transformed by one of the most extreme crises in a generation, and maybe several generations. The speed and severity of the proliferation of the Covid-19 pandemic, the political response, and the ensuing economic fallout is unprecedented. Incredibly, global financial markets have seen both their best and worst trading periods in a decade in the same compressed timeframe.
The benchmark SP 500 US stock market index...
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