Grasping Investment Trends Amid the Pandemic
Faced with global market panic triggered by the COVID-19 outbreak, real-economy activity has weakened sharply, with the crisis spreading from supply to demand and further destabilizing markets. Recent data show U.S. unemployment claims surged to 3.28 million — nearly four times the prior record.
The securities markets have not been spared. Beginning March 7 and over the following weeks, U.S. stock indices triggered the trading-halt mechanism multiple times.
In real estate, since March there have been notable stalls and delays in property transactions and new commercial / residential leases. From mid-February to March 23, apartment REIT prices have fallen approximately 40%.
This unprecedented public health crisis remains full of unknowns — how long will it last, and how deep will its impact be? After the U.S. central bank cut rates and a $2 trillion rescue package was passed, what changes will follow in currency, equity, and real estate markets? How can investors capture effective windows and rationally allocate assets for productive investment?
2020 Asset Allocation Webinar
Co-hosted by the Boston Tsinghua Alumni Association and BCIC, this online seminar invites senior industry experts and academics to share insights and discuss currency, equities, and real estate investment in a crisis.
Time:
Eastern Time: April 12, 9:00 – 10:30 PM
Beijing Time: April 13, 9:00 – 10:30 AM
Format:
Webinar (Zoom live + WeChat group discussion)
(Live link sent via email upon successful registration)
Scan the QR code to register:
Or reply "register" on the BCIC WeChat account to be invited into the group:
Agenda
Featured Speakers
You Yang
PhD candidate in Economics at Harvard University. Part-time researcher at Facebook (Libra) and consulting advisor to the World Bank Doing Business Group. Previously involved in offline-education and internet-recruiting startups.
Research focuses on digital-economy mechanism design, asset pricing, economic development and institutional culture. Published "Bubble for Fama" on stock-market bubbles in the Journal of Financial Economics.
Bing Lu
President & CEO, Vesta Investment Advisors, LLC; Director, ViiNet INC. Mr. Lu is a SEC-registered investment advisor with 20+ years of equity-market experience and deep expertise in real-estate investing. Since 2016 he has worked at Vesta / ViiNet, primarily overseeing real-estate investments and quantitative trading, including REIT portfolio management. He previously built investment and management experience at Millennium Management, Fidelity Investments, Putnam Investments, Scudder Kemp Investments, and Fannie Mae.
Moderator
Kuangyuan Zhang
Currently Senior Quantitative Analyst, AVP at Santander Bank, with extensive banking and management experience including pricing and marketing for mortgage and auto loans, insurance pricing, and AML compliance. PhD in Economics from Penn State University, with research interests in energy/resource economics, real-options pricing, and derivatives pricing. Bachelor's degree from the Tsinghua Mathematics & Physics Foundation Class.
