Stock Market Rebound Should Take Over a Year, Most Fund Managers Say

A survey by XP Investments with 30 stock managers shows slow market rebound and risk of new drops.

RIO DE JANEIRO, BRAZIL - The wave of panic in the markets in recent days as the new coronavirus has progressed should take a long time to be cleared from asset prices. This week alone, the IBOVESPA index recorded four circuit breakers (halting trading during 30 minures) and a drop of more than 25 percent in four trading sessions.

A survey conducted by XP Investments with 30 stock managers shows that a majority (56 percent) believe it will take at least a year for the stock market index to return to pre-Carnaval levels, at 115,000 points.

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