Russia / Ukraine conflict – impact on markets and investments
We are seeing increased volatility across markets as they react to the news of the conflict in Ukraine. The invasion is causing a significant human toll, and our thoughts are with the Ukrainian people and all who are impacted.
While volatility can create an urge among investors to act, our guide continues to be to stay invested and focused on long-term goals. We are focused on understanding the economic and financial market impacts, both within the affected region and more broadly on a global basis and across regions, sectors and companies. Specifically, we are monitoring the expected impacts on energy, global growth, inflation, and central bank actions.
Fund exposure to Russia, Ukraine and Belarus
The vast majority of our funds and strategies have no direct exposure to Russia, Ukraine or Belarus. Our only strategies and funds with direct exposure to these countries are within Emerging Market Equities and Emerging Market Debt, including the Emerging Equity sleeves of our multi-asset strategies. Exposure was low in these strategies prior to the write downs we have recently seen in the market. We have valued Russian equity positions in our portfolios at zero.
Fund pricing
Due to the increased uncertainty and market volatility impacting trading conditions for bonds, we are monitoring the liquidity of funds and applying dilution levy adjustments, on a daily basis, as appropriate. Details of dilution adjustments can be found on each share class’s page on our website.
Adhering to sanctions
Financial and economic sanctions issued against the Russian Federation and supporters of incursions into the Ukraine are changing on a rapid and constant basis at present. We remain vigilant regarding the changes to these programmes and will continue to comply with relevant sanctions imposed.
Humanitarian support
As part of Ameriprise Financial, we are long-standing supporters of the International Red Cross’ disaster relief programme and our partnership is directly supporting efforts in Ukraine. As a result of this crisis, we are again increasing our funding for humanitarian relief. We also match employee charity donations and have provided information to help our people easily contribute to targeted relief efforts.
Latest investment views
22 March 2022
Alternatives - Commodities
Markets
CIO outlook: market volatility, oil and interest rates
CIO outlook: market volatility, oil and interest rates
Russia’s invasion of Ukraine has put markets on edge. With a high level of uncertainty and rising commodity prices, will central banks change their plans on rate increases?
Watch time - 3 min
7 March 2022
Equity
Equity - Europe
Ukraine crisis: impacts on European markets
Ukraine crisis: impacts on European markets
We address the conflict in Ukraine in relation to European markets, where the impacts are being felt and the potential hit to European GDP.
Read time - 2 min
4 March 2022
Equity
Equity - US
Russia-Ukraine conflict: how will it impact the US market?
Russia-Ukraine conflict: how will it impact the US market?
The invasion of Ukraine, while not a surprise, is nevertheless full of unknowns – we have no visibility over the duration and long-term effects of the conflict.
Read time - 2 min
25 February 2022
Equity
Markets
Investors confront volatility as Russia invades Ukraine
Investors confront volatility as Russia invades Ukraine
Markets reacted strongly this week to news that Russia invaded neighbouring Ukraine. The world has been watching tensions in the region escalate since the beginning of year.
Read time - 3 min
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