The COVID-19 variant has done severe damage to markets just a week after it was discovered, but many fund managers say it could be an opportunity and not a risk.
Many professional investors say the market reaction to the new variant is overblown, exacerbated by cautious positioning and lower volumes towards the end of the year. Simon Letch
Just a week after it was first reported in South Africa, the new omicron variant of COVID-19 has caused chaos across global markets.
Countries are once again shutting their borders, pharmaceutical companies say their vaccines may not be effective against the new variant and economists fear the global recovery may stall.
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Original URL: https://www.afr.com/wealth/personal-finance/fundies-stay-the-course-despite-omicron-risk-20211201-p59dwc
