Equities seem to have passed the complex test posed by Covid-19, according to a reserve manager whose central bank adopted these assets over the last decade. The assessment may boost portfolio diversification in the years ahead.

“Even during this period of heightened volatility the equity performance of our portfolio wasn’t as bad as one could have imagined,” said an official at a Baltic central bank on October 27 at Central Banking’s National Asset-Liability Management Global conference. “So