COVID-19 could result in specific asset mispricing: CFA Institute

COVID-19 could result in specific asset mispricing: CFA Institute

The report highlighted that 49% of Middle East respondents see a medium-term '"hockey stick" shaped economic recovery.. Comments Off on COVID-19 could result in specific asset mispricing: CFA Institute. The novel coronavirus (COVID-19) pandemic could result in specific asset mispricing, according to Middle East respondents to a Chartered Financial Analyst (CFA) Institute survey.. The report said that Middle East respondents indicated that the potential mispricing was driven by two underlying factors.. A total of 32% of respondents believe that the recovery will be a slow U-shaped recovery.. For investment-grade corporate bonds in developed markets, 76% believe liquidity is down, with central bank intervention steadying the downward trajectory overall," the report read, adding, "Central bank intervention is perceived to have been more impactful in corporate and sovereign bonds in developed markets than for equities.. The report said that Middle East respondents indicated that government and central bank intervention was a major stabilising factor..