The Eighth Public Investors Conference

The last several years have challenged public investors in unprecedented ways. Prolonging the earlier environment of low interest rates and compressed term premia, the Covid-19 outbreak has challenged the outlook for asset prices, while highlighting the need to ensure adequate liquidity of investment portfolios. The sharp, but uneven, subsequent recovery has compounded the challenge, as extraordinary monetary and fiscal policy measures have interacted with a waxing and waning pandemic. More recently, the debate over the extent to which inflationary pressures will prove transient has forced yet another reassessment of investment decisions, tied in with questions about the timing and extent of the ongoing process of policy normalisation.