FLRU News and Press, Franklin FTSE Russia From 03/04/22

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...

It’s been another week of significant volatility in financial markets, one in which European indices edged closer to bear market territory, oil prices hit a 10-year high around $120, and safe-haven gold came close to $2,000. The Russian invasion of Ukraine and the severe sancti...

Effective today shortly before 4 am ET, NYSE Arca halted trading of the Franklin FTSE Russia ETF ( FLRU ). Franklin Templeton supports NYSE Arca’s decision, given FLRU’s concentrated exposure to Russia and challenges such as the closure of the country’s secu...

The invasion of Ukraine by the Russian military will cause many European countries to look urgently for new gas supply sources. Geopolitical concern over reliance on Russian gas has driven states like Poland, Lithuania, Estonia, and Finland to pursue supply diversification for many ye...

Russian debt, both hard currency and local currency, is largely shut down for trading. Prices for Russian government securities are pricing in a default scenario. The markets have dramatically repriced central bank expectations. For further details see: Russia Sanctions ...

The world, and in particular the US, Europe, Australia, Canada, and Japan, are continually adding to a wide range of sanctions on Russia. Withdrawals of cash from Russian banks have resulted in some banks imposing limits on cash withdrawals. Russia has again signaled a willingness...

Although I am working with obviously incomplete and biased information, I view the possibility of the cessation of hostilities within a few weeks to be unlikely. The sanctions, war disruptions, and a Western private sector that is cutting ties to Russia means that we are facing an ext...

When it comes to the Ukraine invasion and its impact on markets, what are the views of asset managers around the world? In discussions with managers, it appears that most thought that a full invasion was highly unlikely. While the base forecasts for many managers may not have chan...

Reactions to the Ukraine crisis have been quite stark. Russia is effectively in default territory, in part anticipating a forced exodus. Central Europe has seen selling pressure, pushing down currencies and forcing market rates higher. The US and western Europe are the relative sa...

The Russian stock market collapse has been jaw dropping with a near 80% loss in just a matter of weeks. Here are some important lessons we can all learn from this epic catastrophe. We often talk about diversification in an allocation sense, but less so in a location sense or even an i...