{"id":17843,"date":"2020-02-27T14:40:18","date_gmt":"2020-02-27T09:10:18","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=17843"},"modified":"2020-03-11T17:37:13","modified_gmt":"2020-03-11T12:07:13","slug":"are-you-worried-about-the-corona-virus","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843","title":{"rendered":"An Unusual Portfolio Approach to Deal with Coronavirus"},"content":{"rendered":"<img loading=\"lazy\" class=\"alignnone wp-image-17916 size-full\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-6.jpg\" alt=\"\" width=\"1200\" height=\"250\" \/>\n<h5><span style=\"color: #000000;\"><b>What happened?<\/b><\/span><\/h5>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">In the last few days, global equity markets have fallen sharply on concerns of coronavirus, <\/span>a <span style=\"font-weight: 400;\">respiratory illness first identified in Wuhan, China, and spreading globally.\u00a0<\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The market decline came as the outbreak continued to spread outside of China; with Iran, South Korea and Italy reporting a surge in cases. At the current juncture, the total cases reported have crossed 81,000 globally and total<\/span><span style=\"font-weight: 400;\"> deaths have been <\/span><span style=\"font-weight: 400;\">upwards of 2,750.<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Investors globally are worried that this could lead to a prolonged economic slowdown across the world.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h5><span style=\"color: #000000;\"><b>Looking at the Past&#8230;<\/b><\/span><\/h5>\n<p><span style=\"font-weight: 400; color: #000000;\">Unfortunately, there are several uncertainties involved in the current situation &#8211; how quickly a vaccine can be created, where will the virus spread next, and most importantly, how quickly the virus can be contained.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The broad sense that we are getting at this juncture is it could still go \u2018in any direction\u2019.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">This leaves us with a humble view:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><b><\/b><\/span><\/p>\n<p><span style=\"color: #000000;\"><b><div class=\"list-content\">It is not possible to predict the extent to which coronavirus can spread and the consequences it can have on the market.<\/div><\/b><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">That being said, we can, however, get a rough sense of how equity markets have behaved in the past during similar instances of epidemics.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The below table shows how the US equity market (represented by S&amp;P 500) had reacted to past epidemic outbreaks.<\/span><\/p>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-1.jpg\"><img loading=\"lazy\" class=\"alignnone wp-image-17844 size-full\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-1.jpg\" alt=\"CoronaVirus\" width=\"629\" height=\"284\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-1.jpg 629w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-1-300x135.jpg 300w\" sizes=\"(max-width: 629px) 100vw, 629px\" \/><\/a><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Obvious next question\u2026<\/span><\/p>\n<p><span style=\"color: #000000;\">What happened in the Indian markets?<\/span><\/p>\n<p><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-2.jpg\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-17845\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-2.jpg\" alt=\"Corona Virus\" width=\"644\" height=\"305\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-2.jpg 644w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/corona-2-300x142.jpg 300w\" sizes=\"(max-width: 644px) 100vw, 644px\" \/><\/a><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">In the three months following an outbreak, the global markets and Indian equity markets have only seen small declines if any. Inevitably, equity markets have always recovered post that.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">So the key takeaway for us is that,<\/span><\/p>\n<p><span style=\"color: #000000;\"><b><div class=\"list-content\">Past epidemics only had a temporary short-term impact on equity markets, and the impact fades away over the long term.<\/div><\/b><\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n<h5><span style=\"color: #000000;\"><b>How do we approach this situation?<\/b><\/span><\/h5>\n<p><span style=\"font-weight: 400; color: #000000;\">For making a decision we have two perspectives to consider\u00a0<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">History indicates that epidemics of the past had very minimal short term impact<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">The possibility of what if this time it\u2019s different and more severe &#8211; leading to a sharp market decline<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400; color: #000000;\">How do we come to terms with the view that &#8211; odds of a sharp fall are low and yet, we cannot completely rule out a sharp decline?<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">If you haven\u2019t guessed still, it\u2019s a roundabout way of being honest with you.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The answer is \u2018We can\u2019t precisely predict the future. Neither can anyone else\u2019.<\/span><\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">The paradox of accepting that things are not under our control is that suddenly we get better control over the situation. This is because now <\/span><b>we start to \u2018prepare\u2019 for a \u2018wider range of outcomes\u2019 rather than trying to forecast a precise outcome and act based on it.<\/b><\/span><\/p>\n<p>&nbsp;<\/p>\n<h5><span style=\"color: #000000;\"><b>So how do we \u2018prepare\u2019?<\/b><\/span><\/h5>\n<p><span style=\"font-weight: 400; color: #000000;\">There are possibly two paths the markets can take if the concerns on coronavirus persist:\u00a0<\/span><\/p>\n<p><span style=\"color: #000080;\"><b>Path 1 (with high odds): History Repeats&#8230; Markets have a small fall but recover quickly<\/b><\/span><\/p>\n<p><span style=\"color: #000000;\">Action to be taken:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">As long as your portfolio is well-diversified, aligned with your risk tolerance and in line with your long-term plan &#8211; NO ACTION is required<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">You can continue to remain with your long term intended equity allocation<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><b>Path 2 with low odds but possible: This time it\u2019s different &#8211;\u00a0 The coronavirus impact is significant and it impacts the global economy leading to a steep market decline.<\/b><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Now before you think, this is going to be a straightforward path, there is a small twist to the plot&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Except for in retrospect, you won\u2019t know if the market is on Path 1 or Path 2!<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">As with all previous market declines, it is impossible to know beforehand whether a 10% fall is a precursor to a prolonged steep fall or is just a normal temporary decline that is expected to recover immediately.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">So, the overall idea is to humbly acknowledge this \u201cI don\u2019t know and I recognize that the world is a complicated place\u201d stance and have a plan on when and what to act, if a crisis follows.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">This will help us convert path 2 (a crisis), if at all it happens, into an opportunity!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">A simple plan might look like (this can be customized based on your risk profile, time frame and plan):<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">10% fall \u2013 No action<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">20% fall \u2013 Move 20% from debt portion (intended for tactical allocation) to equities<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">30% fall \u2013 Move next 30% from debt portion (intended for tactical allocation) to equities<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">40% fall \u2013 Move next 40% from debt portion (intended for tactical allocation) to equities<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400; color: #000000;\">50% fall \u2013 Move next 10% from debt portion (intended for tactical allocation) to equities<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400; color: #000000;\">*If in case of extreme valuations for the market, this plan might need some adjustments. But at the current juncture, the valuations are close to long term averages for most measures such as MCAP to GDP, PB ratio (except for PE ratio where it is on the higher side) and hence our plan holds good.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">This will ensure that you are better prepared to take advantage of the market without the need to predict the precise impact of how coronavirus plays out.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n<h5><span style=\"color: #000000;\"><b>The lure of \u201cI knew it all along. If only I had..\u201d<\/b><\/span><\/h5>\n<p><span style=\"font-weight: 400; color: #000000;\">The most likely failure point during market volatility periods usually happens at the period between 10-20% decline.<\/span><\/p>\n<p><span style=\"color: #000000;\">Why?<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Because this is the juncture, where you are confused whether it is path 1 or path 2!<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">When the fall prolongs, there is a natural instinct to sell now and enter later which is nagging you at the back of your mind. While you might resist the temptation to act (assuming you are sold on the you-can\u2019t-predict-but-only-prepare-philosophy), if the market continues to fall further then suddenly \u2018regret\u2019 kicks in.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Though there is overwhelming evidence that no one can predict, you feel that actually, YOU DID PREDICT THE FALL!<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">\u201cIf only I had listened to my own intuition and sold out\u201d your inner voice is mad at you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Any further fall and you are convinced \u2013 to hell with this \u201ccan\u2019t predict\u201d crap.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">And you utter the most dangerous words, \u201cLet me move out and enter later\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">And going by the experience of several million investors across the world, more often than not the story doesn\u2019t end well&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The biggest issue in getting out is to again get back into equity markets. Even if you are right the first time, to get back in, you need to be right twice. And while we imagine the equity market trajectory to be a simple straight line, there are too many false upsides during a fall. This lulls you into complacency (read as \u201cI have seen these temporary upsides before. It will fall again. I will wait\u201d), and when the actual recovery happens, you think it\u2019s yet another false start and by the time you realise this one is the real one, it is usually too late.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">It is important to be aware of this failure zone as much of the success in sticking to your plan will be dependent on how you behave in this period.<\/span><\/p>\n<p><span style=\"color: #000000;\">\u00a0<\/span><\/p>\n<h5><span style=\"color: #000000;\"><b>Parting thoughts&#8230;<\/b><\/span><\/h5>\n<p><span style=\"font-weight: 400; color: #000000;\">While it is impossible to predict the future impact of coronavirus, history indicates that usually the global economy and equity markets have been relatively immune to the effects of past epidemics.<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">However, if this one turns out to be different and has a significant negative impact, we are ready with our \u2018what-if-things-go-wrong\u2019 plan.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">The idea is to be humble and accept that the world is an uncertain place. It will always be.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\"><i><span style=\"font-weight: 400;\"><div class=\"list-content\">Whenever we are surprised by something, even if we admit that we made a mistake, we say, \u2018Oh I\u2019ll never make that mistake again.\u2019 But, in fact, what you should learn when you make a mistake because you did not anticipate something is that the world is difficult to anticipate. That\u2019s the correct lesson to learn from surprises: that the world is surprising.<br \/>\n-Dan Kahneman, Psychologist and Nobel laureate<\/div><\/span><\/i><\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Equity markets, in the long run, are a proxy for human ingenuity and innovation. As long as you believe in this core premise &#8211; the simple answer remains \u2018This too shall pass!\u2019<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">From our side, as always, while we won\u2019t be able to predict, we will continue to \u2018Prepare\u2019 our investors, come what may!<\/span><\/p>\n<p><span style=\"font-weight: 400; color: #000000;\">Happy investing as always \ud83d\ude42<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What happened? In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness first identified in Wuhan, China, and spreading globally.\u00a0 The market decline came as the outbreak continued to spread outside of China; with Iran, South Korea and Italy reporting a surge in cases. At the current [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":18089,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[506,66,509],"tags":[517,289,148,280,516,518,286],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An Unusual Portfolio Approach to Deal with Coronavirus<\/title>\n<meta name=\"description\" content=\"In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness spreading globally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An Unusual Portfolio Approach to Deal with Coronavirus\" \/>\n<meta property=\"og:description\" content=\"In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness spreading globally.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-27T09:10:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-11T12:07:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2501\" \/>\n\t<meta property=\"og:image:height\" content=\"1251\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Arun Kumar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg\",\"contentUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg\",\"width\":2501,\"height\":1251},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843\",\"name\":\"An Unusual Portfolio Approach to Deal with Coronavirus\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#primaryimage\"},\"datePublished\":\"2020-02-27T09:10:18+00:00\",\"dateModified\":\"2020-03-11T12:07:13+00:00\",\"description\":\"In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness spreading globally.\",\"breadcrumb\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"An Unusual Portfolio Approach to Deal with Coronavirus\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#article\",\"isPartOf\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/4132541c4eae28b401630fb7b300931c\"},\"headline\":\"An Unusual Portfolio Approach to Deal with Coronavirus\",\"datePublished\":\"2020-02-27T09:10:18+00:00\",\"dateModified\":\"2020-03-11T12:07:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#webpage\"},\"wordCount\":1361,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg\",\"keywords\":[\"FundsIndia\",\"investing\",\"Investments\",\"markets\",\"Mutual funds\",\"Personal Finance\",\"view\"],\"articleSection\":[\"Mutual Fund Research\",\"Personal Finance\",\"Research Desk\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/4132541c4eae28b401630fb7b300931c\",\"name\":\"Arun Kumar\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bdff8a5c145eaf2ebb27e68845c94bc0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bdff8a5c145eaf2ebb27e68845c94bc0?s=96&d=mm&r=g\",\"caption\":\"Arun Kumar\"},\"description\":\"Arun Kumar, Head of Research at FundsIndia, has over 8 years of experience in the Indian wealth management industry.\\u00a0His expertise includes building investment solutions, implementing dynamic asset allocation models, mutual fund research etc.\",\"url\":\"https:\/\/fundsindia.com\/blog\/author\/arunkumar\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"An Unusual Portfolio Approach to Deal with Coronavirus","description":"In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness spreading globally.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843","og_locale":"en_US","og_type":"article","og_title":"An Unusual Portfolio Approach to Deal with Coronavirus","og_description":"In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness spreading globally.","og_url":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2020-02-27T09:10:18+00:00","article_modified_time":"2020-03-11T12:07:13+00:00","og_image":[{"width":2501,"height":1251,"url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg","type":"image\/jpeg"}],"twitter_misc":{"Written by":"Arun Kumar","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#primaryimage","inLanguage":"en-US","url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg","contentUrl":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg","width":2501,"height":1251},{"@type":"WebPage","@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#webpage","url":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843","name":"An Unusual Portfolio Approach to Deal with Coronavirus","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#primaryimage"},"datePublished":"2020-02-27T09:10:18+00:00","dateModified":"2020-03-11T12:07:13+00:00","description":"In the last few days, global equity markets have fallen sharply on concerns of coronavirus, a respiratory illness spreading globally.","breadcrumb":{"@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"An Unusual Portfolio Approach to Deal with Coronavirus"}]},{"@type":"Article","@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#article","isPartOf":{"@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/4132541c4eae28b401630fb7b300931c"},"headline":"An Unusual Portfolio Approach to Deal with Coronavirus","datePublished":"2020-02-27T09:10:18+00:00","dateModified":"2020-03-11T12:07:13+00:00","mainEntityOfPage":{"@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#webpage"},"wordCount":1361,"commentCount":2,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"image":{"@id":"https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#primaryimage"},"thumbnailUrl":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg","keywords":["FundsIndia","investing","Investments","markets","Mutual funds","Personal Finance","view"],"articleSection":["Mutual Fund Research","Personal Finance","Research Desk"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fundsindia.com\/blog\/research-desk\/are-you-worried-about-the-corona-virus\/17843#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/4132541c4eae28b401630fb7b300931c","name":"Arun Kumar","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/bdff8a5c145eaf2ebb27e68845c94bc0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bdff8a5c145eaf2ebb27e68845c94bc0?s=96&d=mm&r=g","caption":"Arun Kumar"},"description":"Arun Kumar, Head of Research at FundsIndia, has over 8 years of experience in the Indian wealth management industry.\u00a0His expertise includes building investment solutions, implementing dynamic asset allocation models, mutual fund research etc.","url":"https:\/\/fundsindia.com\/blog\/author\/arunkumar"}]}},"jetpack_featured_media_url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2020\/02\/2020-03-11-5.jpg","_links":{"self":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/17843"}],"collection":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=17843"}],"version-history":[{"count":25,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/17843\/revisions"}],"predecessor-version":[{"id":18092,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/17843\/revisions\/18092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media\/18089"}],"wp:attachment":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=17843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=17843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=17843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}