The investment landscape has become riskier. The escalation in geopolitical tensions between Russia and Ukraine, with Russian military forces entering the Donbas region, adds to the uncertainty regarding central bank actions to fight inflationary pressures.
Volatility has risen in both bonds and equities which, overall, remain quite resilient amid still-good economic data. Energy prices have jumped amid risks of supply shortages, with oil moving towards $100/bbl.
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