FLRU News and Press, Franklin FTSE Russia

Effective December 23, 2022, the Franklin FTSE Russia ETF ( FLRU ) has suspended the right of redemption of its shares pursuant to an exemptive order issued by the U.S. Securities and Exchange Commission in order to permit FLRU to liquidate its portfolio. Russia’s invasion of Ukrai...

Our macroeconomic forecasting team assesses how the war and latest survey data have altered the economic outlook, policymaking and recession risks. Global growth was dragged lower, principally by steep contractions in Russia and mainland China. Barring the initial COVID-19 outbreak, M...

Russia’s President Vladimir Putin has fully miscalculated the West’s response to his invasion of Ukraine. The US Federal Reserve (Fed) looks to have underestimated the underlying price pressures that have accumulated in the US economy. The developing new world order ...

The Russian invasion of Ukraine has created significant uncertainty for the cycle outlook. The global economy was on track for strongly above-trend growth in 2022. The war in Ukraine will likely have a negative impact on growth and cause higher inflation this year, with Europe tak...

The tragedy of the unfolding events in Ukraine is the pure futility of the widespread loss of life. The Russian invasion has manifestly failed to achieve quick regime change. Western politicians have realised they have the popular support to economically pressure Russia, no matter the...

The most dramatic and immediate effect of the invasion and subsequent international sanctions is that local market Russian securities are effectively frozen. Emerging markets debt more broadly has traded well this year, in terms of spread, prior to the invasion. We believe the maj...

Sanctions give the Russian president more reason to renege on at least some of his $200 billion of sovereign debt. The fallout could leave creditors stuck for years. With many Russian banks cut off from cross-border payments systems and unable to deal with Western lenders, Putin m...

There are times when the business of analyzing and writing about investment markets takes on the characteristics of a hamster on a wheel. The net economic impact of the war in Ukraine will likely be to push inflation even higher, as prices for those commodities which Russia exports su...

Beijing sees the Ukraine crisis as its opportunity to gain influence over financial markets. This week, in response to Russia’s invasion of Ukraine, the European Commission decided to disconnect seven Russian banks from the Belgium-based SWIFT. If Russian banks are ultimate...

Russia’s invasion of Ukraine has ramifications for global inflation and growth, according to Franklin Templeton Fixed Income. Western governments have not yet implemented direct sanctions on Russian oil and gas, but there have already been significant impacts on Russian oil tra...