Coronavirus investing advice, new opportunities to buy: Rick Rieder - Business Insider

We're unlikely to soon run out of superlative ways to describe how the coronavirus crisis has impacted financial markets.

"I think for the first time in maybe 10, 20 years, that European equities and parts of the credit markets are a really good diversifier for a variety of reasons," Rieder told Business Insider during a recent interview. He broke down a four-part rationale for investing in Europe, and then shared some of the buys he is making. His first reason is the European Union's €2 trillion recovery fund. It combines budget increases, grants, and loans to repair the bloc's economy in the continuing fallout of the pandemic.

The second reason for Rieder's new dose of confidence in European assets is coordinated fiscal policy. In another first, Germany — Europe's biggest economy — and other countries in the region are unleashing "tangible" stimulus, Rieder said.

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