Coronavirus: Message from our CEO 1 April 2020

A Message from our CEO (1 April 2020)
A message from our CEO, Alexander Hutchison

The spread of Covid-19 is affecting all our lives and causing volatility in investment markets. In this video our CEO Alexander Hutchison answers some of the questions being asked by our members and shares some important insights he’s gained from working in financial services for more than 20 years.

Think twice before switching – get advice

Market volatility is normal. One of the key themes we’ve seen from previous global market downturns is if you switch your assets to cash, it’s generally too late as it crystalises a negative return and makes recovery difficult. So if you’re thinking of a making a change, please speak to us first to avoid making any decisions which may impact your long term financial wellbeing.

Pandemics don’t last forever

Whilst the current investment market volatility feels unusual, it’s important to know that market downturns happen approximately every 7-10 years. It’s also important to remember that for most, super is invested for the long term and markets will recover over time. Pandemics don’t last forever, and once the virus is under control, markets will return to normal as well.

Investing during market volatility

Historically, remaining invested in markets even during times of volatility, can provide better returns over the long run. Having a diversified portfolio, like you have in your super, protects you from the real extremes of investment markets. EISS Super also identify opportunities to invest in assets that are undervalued because of the volatility, so when markets turnaround, we’re ready to take full advantage.

You’re not in this alone - we’re here to help

As markets fluctuate, it can be tempting to change how your super is invested. Whilst we encourage members to review their investment strategy regularly, if you’re considering making a change solely because of market volatility, speak to one of our Customer Relationship Managers or Financial Planners first. Remember, you’re not in this alone. The team at EISS Super are ready to help you.