Schroders statement on Ukraine
Everyone at Schroders is shocked and deeply saddened by the Russian invasion of Ukraine. This statement has been prepared to communicate our position and actions as the crisis unfolds.
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Everyone at Schroders is shocked and deeply saddened by the Russian invasion of Ukraine. Our hearts go out to the millions of people affected, which include some of our employees and their families and friends.
Our exposure to Russia, Belarus and Ukraine is minimal at less than 0.1% of assets under management and we will not be investing in Russian or Belarusian equities or bonds for the foreseeable future. We will monitor the situation closely and will continue to take investment decisions to protect our clients’ interests.
Russian markets have been suspended. Our focus today is to examine our non-Russian holdings to understand how they are managing their businesses in Russia, Belarus and Ukraine, their supply chains and the stakes they may own or operate. We are engaging with those companies to ensure they are responding appropriately to the current crisis.
Aside from the human tragedy, this terrible situation will have significant long-term business implications which we are analysing. The provision of European energy supplies is likely to be dramatically different, the rising oil price has impacted inflation expectations, while global supply chains across numerous industries will need to be re-directed. We need to engage on these issues and many more in order to meet our client expectations on ESG and to most effectively manage their portfolios.
Finally, we know that our people at Schroders care deeply about what’s happening. That is why we as a firm have made a significant donation to support the Red Cross, as it seeks to provide food, medicine and shelter to the people of Ukraine. We will also double the donations made through our employee charitable giving scheme.
In these difficult times, our thoughts remain with Ukraine and its people.
Important Information:
This document is issued by Schroder Investment Management Australia Limited (ABN 22 000 443 274, AFSL 226473) (Schroders). It is intended solely for wholesale clients (as defined under the Corporations Act 2001 (Cth)) and is not suitable for distribution to retail clients. This document does not contain and should not be taken as containing any financial product advice or financial product recommendations. This document does not take into consideration any recipient’s objectives, financial situation or needs. Before making any decision relating to a Schroders fund, you should obtain and read a copy of the product disclosure statement available at www.schroders.com.au or other relevant disclosure document for that fund and consider the appropriateness of the fund to your objectives, financial situation and needs. You should also refer to the target market determination for the fund at www.schroders.com.au. All investments carry risk, and the repayment of capital and performance in any of the funds named in this document are not guaranteed by Schroders or any company in the Schroders Group. The material contained in this document is not intended to provide, and should not be relied on for accounting, legal or tax advice. Schroders does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this document. To the maximum extent permitted by law, Schroders, every company in the Schroders plc group, and their respective directors, officers, employees, consultants and agents exclude all liability (however arising) for any direct or indirect loss or damage that may be suffered by the recipient or any other person in connection with this document. Opinions, estimates and projections contained in this document reflect the opinions of the authors as at the date of this document and are subject to change without notice. “Forward-looking” information, such as forecasts or projections, are not guarantees of any future performance and there is no assurance that any forecast or projection will be realised. Past performance is not a reliable indicator of future performance. All references to securities, sectors, regions and/or countries are made for illustrative purposes only and are not to be construed as recommendations to buy, sell or hold. Telephone calls and other electronic communications with Schroders representatives may be recorded.
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