The King of the Skies
1 March, 2014Investing in Iraq: A Frontier Market Too Far?
7 March, 2014Forbes.com, March 4 2014
Russia’s intervention in the Crimea has rocked global markets. Yesterday theMSCI World Index was down 1.9%; the US down 0.8%, Asia down 0.9% andEurope down 2.8%. Where to from here?
What we have seen so far is a classic stock market reaction to uncertainty: a sell-off, and a tendency to move to more predictable assets. The events in Ukraine have “motivated investors to seek protection in safe havens,” notes Matthew Sherwood, head of investment market research at asset managementgroup Perpetual. In particular, this has manifested itself in a sale of emerging markets, most obviously Russia or anything related to it, and a muted reaction in the relative safe haven of the US; this is the sort of environment in which gold normally performs well.
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