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Update - January 2022

Markets rocked by recent events

The month of January normally passes quickly, but this year so much seems to have happened already.

Just when one problem fades into the background, a whole new set of things to worry about arrives, this is one more reason why investing is not easy.The rising tension between Russia and the Ukraine has certainly been a focus since the turn of the year.President Putin’s actions are hard to comprehend given the likelihood of strong sanctions and worsening conditions that would result in many of the Russian population suffering worse living conditions by an invasion of Ukraine.As The Economist poignantly put it, “Seldom has the difference between a country’s interests (selling natural resources to its neighbours) and those of its leader been so stark”.

Please download our update for more commentary.

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