Investors opting to sit back till things get clearer: Kenneth Andrade

The market sell-off has already captured a lot of bad news in the price. Businesses now trade at book value (BV) or significantly lower, which limits their downside

Even though the markets have recovered from their recent lows in a hope that the worst may have already played out as regards coronavirus (Covid-19) pandemic, KENNETH ANDRADE, founder & chief investment officer (CIO) at Old Bridge Capital Management tells Puneet Wadhwa that investors need to push their investment horizon to 2022 and beyond to watch how corporates recover from the lockdown. Edited excerpts:

Do you see more pain for the markets over the next three – six months once the dent on corporate earnings and economy due to Covid-19 becomes clearer?

The market sell-off has already captured a lot