Editor's letter: Targeted protection

Hedging your bets

Over the past week, the mainstream and financial news has been dominated by Russia’s invasion of Ukraine. Global indices plummeted last Thursday (24 February), with the MOEX crashing by more than 45% during the opening hours of trading.

The latest geopolitical disaster comes following an already-volatile year for markets, with global inflation, supply chain squeezes and central bank tightening causing a sharp style rotation. UK inflation of 5.5% has economy in 'chokehold' with peak yet to come After 12 years of equity markets largely moving at a steady upward trajectory, investors may be thinking about, quite literally, hedging their bets. The IA Targeted Absolute Return sector has fallen foul to a wide range of criticism over recent years - and justifiably so, in many cases. But that does not mean to say there ar...