The chief executive of Aviva Investors, the £346bn fund management arm of the UK-listed insurer, has warned against any attempt to call the bottom of the market rout prompted by the onset of the Covid-19 pandemic.

In a post published on Aviva Investors’ website on 3 April, Euan Munro said the coronavirus pandemic — and the subsequent global sell-off — is “not like any crisis we have experienced before”.