Things are looking dire on sharemarkets as the war in Ukraine acerbates surging inflation and a resultant global rise in interest rates.
Oil and food prices were already rising before Russia invaded Ukraine, but the conflict has accelerated the trend, Bassanese says.Russia and Ukraine are leading global exporters of wheat, grain, sunflower oil and fertilisers – a shortage of which is contributing to rising food prices, he says. is another potential place for investors to shelter from the sharemarket storm and counter inflation.
Although the price of the ETF was down almost 10 per cent in the six months ended May 31 – it got caught up in the technology sector market sell-off – it could do better from here, Chugh says.
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