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In light of the Coronavirus (COVID-19) pandemic and, in consultation with the board and senior staff, we have decided to enact our Business Continuity Plan.
With the spread of COVID-19 and recent government actions to contain the spread in Australia, the health and welfare of our staff, our business partners, our investors and the communities in which we operate and live, remain our highest priority.
Over the past few weeks, we as a team have been assessing this evolving pandemic and have been preparing for an escalation of the current situation, including testing our various business critical processes, and our ability to work remotely. We have identified team members who are responsible for these processes and we have back-up plans available should an employee become incapable of fulfilling their role for a period of time.
We will be implementing our Business Continuity Plan in a series of steps reflecting the respective government health advisories in each market, and the different physical conditions and mix of employees within each office:
Click on the investor updates below to hear from our Portfolio Managers:
Income Investor Update
Equity Investor Update
Agriculture Investor Update
We are already looking ahead – how we recover from this event will depend on the size of the funding and support packages brought in by the various Federal and State governments in Australia, and how quickly these support programmes are enacted. The good news is that Australia is in a strong financial position and well positioned to recover quickly.
Coronavirus cases in China are dwindling with China appearing to recover and returning to work and production. China is Australia’s largest trading partner. We see that Australia was insulated from the worst of the GFC due to our trading relationship with China, and we see a similar scenario playing out in 2020.
The funds are well positioned, our biggest challenge is to make sure we capture the coming rebound. Each of the portfolio managers have thoughts on how to capture this rebound in the context of the funds they manage. The rebound is likely to be aggressive, but none of us can predict when it will occur or over what timeframe.
Although this crisis is having a profound impact across the globe and the short to medium term financial outlook is uncertain, as fellow investors in Prime Value Asset Management, we remain confident that we will not only get through this situation but emerge from it stronger.
We take comfort that the majority of our highly qualified and experienced investment team have navigated through the Latin American Debt Crisis of the 1980s, 1987 Wall Street Crash, 1990 oil price shock, 1997 Asian Currency crisis, 2001 Tech Crash and the 2008 Global Financial Crisis.
We have had many crises over the last few decades. Every crisis is different, and looked very grim at the time, but history shows again and again how investment markets recover, how they are inherently strengthened by the crisis, and perform even better than before once the crisis dissipates.
We believe the same will be true for the current pandemic situation. Markets are behaving dysfunctionally at the moment due to investor behaviour, but there is nothing to suggest the markets are systematically or structurally broken.
Our investment solutions across income securities, listed equities and unlisted assets (properties and alternative assets) not only provide some diversification, but also allow us to take advantage of opportunities which will build further wealth for you our valued clients.
If you have any questions regarding the above, please feel free to contact us directly via email@example.com.
Yak Yong Quek John Sikkema
12 October 2021
Should investors trust the bears or a new economic cycle? Investors who look through bearish signals will find companies poised to benefit from economic strength. ST Wong Was it really just 18 months ago that the price of oil was negative? Oil producers had such a glut they were literally paying buyers to take barrels […]
5 October 2021
Market volatility does not change key drivers of the share market By ST Wong Recent market volatility will likely impact the Australian share market in the short-term, driven largely by volatility in the commodities market. The concerns over commodities can be traced back to problems with Chinese property company Evergrande, which is currently experiencing a […]
20 August 2021
Latest Mercer survey puts Prime Value Emerging Opportunities Fund in Top Ten The Prime Value Emerging Opportunities Fund has achieved another high ranking in the latest Mercer Australian Small Companies (ex-ASX100) survey, following its table-topping ranking in last year’s survey. The Fund, which is managed by Prime Value Asset Management Portfolio Manager, Richard Ivers, was […]