Asset Management

World’s biggest investors fear second virus wave will derail stock rallies

More than 30% of professional money managers said they do not expect a vaccine to be ready on a global scale until 2022 at the earliest

Coronavirus vaccine research in Russia
Coronavirus vaccine research in Russia Photo: Getty Images

Some of the world's biggest investors are worried that a second wave of coronavirus could derail the global stock market recovery, with many anxious about further lockdowns being put in place as a result.

A poll of global investors, which manage more than $17tn collectively, found that 70% of hedge funds and long-only investors are “somewhat worried” or “very worried” about another outbreak of the disease, which has so far killed more than 320,000 globally and caused near economic paralysis.

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