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How Pfizer’s vaccine will affect stocks in your portfolio

12112020_Pfizer’s vaccine

How Pfizer’s vaccine will affect stocks in your portfolio

Wow, what a week! Pfizer announces it has a vaccine almost set to go, and hasn’t the market reacted! Happily for our investors, The Montgomery Fund has already pivoted towards a post-pandemic world: we’ve cut cash to a record low and invested in some businesses beaten down by enforced lockdowns.

Pfizer’s announcement is the strongest signal yet that the unparalleled search for a vaccine to bring the pandemic to an end might succeed.  While the Pfizer vaccine is more difficult to produce and distribute than many others, Dr Anthony Fauci said: “The results are really quite good, I mean extraordinary.”

The speed with which progress has occurred has also broken every scientific speed record and this is partly due to the winter months in the northern hemisphere increasing the rate of infection and therefore the number of people upon which the vaccine can be tested.

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INVEST WITH MONTGOMERY

Roger is the Founder and Chief Investment Officer of Montgomery Investment Management. Roger brings more than two decades of investment and financial market experience, knowledge and relationships to bear in his role as Chief Investment Officer. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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