very clear pathway, very clear legal pathway for any way for russia to follow, in order to attempt to overturn the sanctions. i think it s going to be very unlikely they are going to be able to achieve such a move. we heard from the imf yesterday about the effect the sanctions and sanctions in general are having on russia, we know their gdp is expected to fall by eight 8.5%, contract by that amount this year which will be a big contraction, not as bad as ukraine obviously, as far as the rouble concerned it is holding up very well and has recovered a lot of its losses, what we are seeing their as these financial restrictions and sanctions being imposed on russia being offset by the incoming of the petrol money and commodity money. thank you
Despite 2020’s pandemic, civil unrest, and market gyrations, assets flowed into U.S.-domiciled ETFs at record levels. Investors adopted an expansive stance as outsized flows chased outsized performance. ETF investors showed a growing appetite for active management and ESG that left less room for vanilla and “smart” beta, embracing issuers outside the big three and asset classes beyond equity. But for all the expansiveness, parsimony reigned in one key aspect: cost, as customers gravitated towards ever-lower costs, across all segments and strategies. For asset managers, opportunity increased but required better performance and sharper margins than ever.
Expansion Axis #1: Record Inflows