Pensions adviser Mercer tips commercial property this year amid Covid disruption

Investors should 'prioritise allocations to the largest, most liquid markets, where price discovery is furthest along'.

Pensions adviser Mercer is recommending investors to plump for commercial property and private assets amid the potential for further market volatility from the Covid pandemic and political unrest this year. 

The assessment comes as many global stock markets got off to a very strong start to the year, with US indices, in particular, hitting new highs despite the huge spike in Covid-19 cases and deaths in many countries that has led to the reintroduction of strict restrictions.