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Canterbury Outsourced CIO: Fourth Quarter 2020 Commentary
January 14, 2021

Every quarter, Canterbury's Outsourced CIO committee shares their observations of the market that impact the management of our discretionary portfolios in the Canterbury Outsourced CIO Commentary.

The year 2020 will be remembered as a year marked by crisis as well as the heroic responses that crossed national and regional boundaries. While the year began with steady growth, in March, the COVID-19 pandemic quickly shaped into a global crisis. This forced populations to engage in some form of isolation, distancing themselves from work, school, and even family members and friends. Central governments continue to respond with large monetary and fiscal stimulus to allow businesses and individuals to sustain themselves. The pandemic prompted a heroic, simultaneous global public-health initiative, resulting in the development of multiple vaccines in record time. Addressing the storage, transportation, administration, and tracking challenges of these vaccines will be essential to boosting confidence in the markets.

The vaccines bring hope to improving mobility and the possible return to steady economic activity over time, but the timing and nature of what will be deemed “normal” remain uncertain. As we enter a new year, many small businesses and individuals continue to struggle, reflecting the limitations faced by many industries that are still in lock-down. Consumer behavior has shifted positively towards e-commerce in areas such as retail and fintech, and the broad grassroots support against racial injustice and climate change has shifted priorities for many organizations.

Access the Canterbury Outsourced CIO: Fourth Quarter 2020 Commentary

Ms. Parekh is a member of the Board of Directors, a shareholder of Canterbury, and directs the Canterbury Outsourced CIO platform, which caters to institutions and private clients who wish to outsource day-to-day management of their portfolios to Canterbury. In that role, Ms. Parekh is the chair of the Canterbury Outsourced CIO Committee and a member of each of the firm’s five Manager Research Committees. She joined Canterbury in 1996 as the manager of analytics with responsibility for directing the firm’s account analysts and client services group. In that role, Ms. Parekh secured many of the asset allocation modeling and research software tools we use today. In 2001, she became the director of manager research, responsible for oversight of all manager, fund, and product research; maintenance of Canterbury’s proprietary research database; and chairing the Investment Manager Research Committee. Ms. Parekh graduated from the University of Hong Kong with a Bachelor of Arts in economics. She completed her Master of Business Administration at Shenandoah University.