Quarterly Update – Q1 2022
It’s been a volatile quarter for equity and bond markets, with existing inflationary fears further exacerbated by the Russian invasion of the Ukraine. While Russia is small in terms of its impact on capital markets, it is a big exporter of commodities, including oil, gas and agriculture as well as fertilisers. It therefore has a meaningful impact on trade and the global economy itself which has impacted investor sentiment more broadly. The result has been further pressure on already stretched supply chains, skyrocketing commodity prices and further inflationary pressures which have added to existing market stresses.
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