Financial market stress is mounting as the coronavirus continues to spread. With the fatality rate increasing in many parts of the world, governments are taking unprecedented measures, and the impact on companies around the globe will be huge. Will these measures work? How long will they remain in effect? The uncertainty these and other such questions create is reflected in the enormous jumps in recent market volatility, with intraday price movements of 10% almost every day. Ewout van Schaick, head of Multi Asset, advises investors to take a step back and not to panic. “We would definitely favour a wait-and-see approach,” he says in our latest podcast.