Wells Fargo Asset Management
2021 Top 500 ranking: 46
Resilience: Global utilities in the time of coronavirus, oil crisis, and climate change
From 28 February to 23 March 2020, as the coronavirus outbreak and the oil sell-off accelerated, U.S. utilities lost 28% of their equity market capitalization. The S&P 500 Index declined 24% during the same period. Meanwhile, credit spreads tripled for many investment- grade utilities. In both the equity and credit ...
Wells Fargo
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