Ukraine and Russia Crisis 

Below are our early observations regarding the current crisis in Ukraine.

We are monitoring the situation closely and hearing from a range of industry experts to understand the impact as it evolves.

Ultimately, short-term outcomes are difficult to predict. This reinforces the benefits of having a balanced, long-term, valuation driven approach to portfolio management.

Equities in a tug-o-war 

Below is a brief update following the recent period of heightened volatility.

Next Friday, we'll share a detailed view after our Q1-2022 Advisory Board meeting.

Perspective

We have seen an increase in market volatility this week, driven by uncertainty over Chinese property and U.S. central bank policy changes.