Updates on Ukraine developments

Amid the ongoing tragic events unfolding in Ukraine, we review what has happened, consider possible scenarios, and outline the potential market implications.

We will keep you updated on this fast-changing situation.

We understand that you will have a number of questions about your investments at the moment and we are doing everything we can to help answer these. Please be assured that we are constantly monitoring the situation in Ukraine and looking at what is best for your investments.

This webpage has been created to help keep you fully informed of developments as they happen. It will be updated regularly with articles that we hope will provide you with answers to any questions you might have.

If you would prefer to speak to someone, please get in touch with your adviser, who is always available to help.

Ukraine update 23 March 2022

Russia continues to devastate Ukraine and the tragedy for its people has deepened. We are shocked and saddened by these terrible events and our hearts go out to the millions of people affected.

Against this continuing tragedy the oil price has risen and inflation has increased. But we note that US and European equities posted their strongest weekly performance since November 2020 in the week ending 18 March. This was driven by hopes that Kyiv and Moscow had taken steps towards a tentative peace plan*. Markets continue to be resilient, and we hope that they remain so.

In these troubled times, we want to assure you that we continue to monitor developments and do everything we can to look after the assets you have entrusted us with. We also want to remind you that our holdings in Russian and Belarusian assets are very small, at less than 0.25%. We are making every effort to remove these from our portfolios and we won’t make additional investments in Russia and Belarus for the foreseeable future.

We believe our investment principles of investing for the long term and holding a portfolio of diverse assets appropriate to your circumstances remain as relevant as ever. Please remember that our advisers are on hand to provide support that you may need.

We are playing our part in supporting the victims in Ukraine and have asked our colleagues to donate to the emergency appeal from the British Red Cross. This can help victims of this tragedy get food, medicines and basic medical supplies, shelter and water. We have encouraged our employees to contribute to this appeal and are matching their contributions. In the meantime, our thoughts are still with the people of Ukraine.

* Financial Times, ‘The day in the markets’, 19/03/2022; FactSet, ‘US weekly recap’, 18/03/2022

Past performance is not a reliable indicator of future results. The value of investments and the income from them can fall as well as rise and are not guaranteed.

Investment Outlook webinar

Watch our Investment Outlook webinar that took place on Thursday 10th March. During this one hour recording you'll hear the views of our investment specialists and economists.

Watch our webinar

Insights: Read articles about the ongoing crisis unfolding in Ukraine

Our view on the advance on Ukraine

The economic ramifications of these tragic events are being felt right across the world. However, while we can recover from these repercussions, the lives of many Ukrainians will be changed forever.

Ukraine development and your investments

Developments in the Ukraine have the potential to become a human tragedy. But they will also have an impact on global stock markets and on your portfolios.

Useful questions and answers