NEWS | Russia-led volatility underscores the need for calm, considered action
Russia-led volatility underscores the need for calm, considered action
As recently as last week, it was still unclear whether or not Russia would launch a full-scale invasion of Ukraine. It is now all too clear that Putin wasn’t bluffing. At times like these, our first thoughts are always with those who are in harm’s way.
As stewards of your capital, our responsibility is to remain calm, assess the impact on existing holdings in the Orbis funds, and evaluate any new investment opportunities that may arise amid extreme volatility. When markets are shocked by unexpected events, gaps between prices and fundamentals can open and close quickly – and it is in those moments when our investment decisions can make the most difference.
Impact on Orbis funds
The direct impact on the Orbis funds from exposure to Russian equities has been limited. Given the wide range of possible outcomes, including the potential for substantial losses, we reduced overall exposure to Russia in recent months.
March 03 2022 By John Christy - Allan Gray
