Market Views: Which safe haven asset will perform amid the Russia/Ukraine crisis?
The markets have been in flux since Russia began its attack on the Ukraine. Amid the extreme volatility, we asked fund managers which safe haven assets could weather the storm.
As global markets opened in Asia this week, the first signs of the growing financial fallout of Russia’s attack on the Ukraine and subsequent Western sanctions began to show. Emerging-market currencies slumped and Australian bonds gained heavily.
The value of the Russian ruble plunged to new lows after Western countries moved to block some Russian banks from the critical SWIFT financial messaging system. On Monday, the US Treasury Department announced more sanctions to come agains…
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