tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, May 16th, 7:04PM

Investments

rss
Investment News

Russia ends globalisation: Blackrock

The Russian invasion of Ukraine has put an end to the globalisation, Blackrock chairman Larry Fink says.

Friday, April 1st 2022, 6:37PM

Over the last three decades the world has seen connectivity between nations, companies and even people strained by two years of the pandemic.

It has left many communities and people feeling isolated and looking inward, he says in a letter to shareholders.

“I believe this has exacerbated the polarization and extremist behaviour we are seeing across society today.”

“The invasion has catalysed nations and governments to come together to sever financial and business ties with Russia. United in their steadfast commitment to support the Ukrainian people, they launched an “economic war” against Russia.

“Governments across the world almost unanimously imposed sanctions, including taking the unprecedented step of barring the Russian central bank from deploying its hard currency reserves.

“Capital markets, financial institutions and companies have gone even further beyond government-imposed sanctions,” he writes.

“Access to capital markets is a privilege, not a right. And following Russia’s invasion, we saw how the private sector quickly terminated longstanding business and investment relationships.”

Since the war started BlackRock “moved quickly” to suspend the purchase of any Russian securities in its active or index portfolios.

He says the actions taken by the private sector to stop doing business in Russia “demonstrate the power of the capital markets.”

“Russia has been essentially cut off from global capital markets, demonstrating the commitment of major companies to operate consistent with core values. This “economic war” shows what we can achieve when companies, supported by their stakeholders, come together in the face of violence and aggression.”

Tags: Blackrock

« Rewarding the value huntersAn active investment managers lockdown tool kit »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend

Good Returns Investment Centre is brought to you by:

Subscribe Now

Keep up to date with the latest investment news
Subscribe to our newsletter today

Edison Investment Research
  • Electra Private Equity
    27 September 2021
    Introducing Hostmore and Unbound brands
    On 16 September, Electra Private Equity (ELTA) issued a trading update for its largest remaining hospitality brands, Fridays and 63rd+1st, and named the...
  • European Assets Trust
    21 September 2021
    Performance, income and a well-balanced portfolio
    European Assets Trust (EAT) aims to achieve long-term growth of capital through investments in smaller European companies (excluding the UK). EAT’s...
  • Georgia Capital
    13 September 2021
    Value creation on the back of macro recovery
    Georgia Capital (GCAP) posted a 13.2% NAV total return (TR) in local currency terms in H121 (15.2% in sterling), driven by an improved operating performance...
© 2022 Edison Investment Research.

View more research papers »

Today's Best Bank Rates
Heartland Bank 1.50  
Heartland Bank 1.50  
Based on a $50,000 deposit
More Rates »
Cash PIE Rates

Cash Funds

Institution Rate 33% 39%
ANZ 0.30    0.31    0.32
ASB Bank 0.30    0.31    0.32
ASB Bank 0.30    0.31    0.32
ASB Bank 0.30    0.31    0.32
ASB Bank 0.30    0.31    0.32
ASB Bank 0.30    0.31    0.32
BNZ 0.10    0.10    0.10
Heartland Bank 0.40    0.40    0.40
Kiwibank 0.05    -    -
Kiwibank 0.20    -    -
Kiwibank 0.05    -    -
Kiwibank 0.20    -    -
Nelson Building Society -    -    -
Nelson Building Society -    -    -
SBS Bank -    -    -
SBS Bank -    -    -
TSB Bank 0.25    0.25    0.26
TSB Bank 0.25    0.25    0.26
Westpac 0.80    0.80    0.80
Westpac 0.05    0.05    0.05
Westpac 0.85    0.85    0.85
Westpac 0.80    0.80    0.80
Westpac 0.05    0.05    0.05
Westpac 0.85    0.85    0.85

Term Funds

Institution Rate 33% 39%
ANZ Term Fund - 90 days 1.20    1.23    1.27
ANZ Term fund - 12 months 3.00    3.11    3.25
ANZ Term Fund - 120 days 1.50    1.52    1.59
ANZ Term fund - 6 months 2.30    2.36    2.47
ANZ Term Fund - 150 days 1.75    1.80    1.88
ANZ Term Fund - 9 months 2.40    2.47    2.59
ANZ Term Fund - 18 months 3.30    3.43    3.58
ANZ Term Fund - 2 years 3.40    3.53    3.69
ANZ Term Fund - 5 years 3.90    4.06    4.24
ASB Bank Term Fund - 90 days 1.15    1.18    1.23
ASB Bank Term Fund - 6 months 2.20    2.26    2.36
ASB Bank Term Fund - 12 months 3.00    3.12    3.26
ASB Bank Term Fund - 18 months 3.30    3.44    3.60
ASB Bank Term Fund - 2 years 3.35    3.49    3.65
ASB Bank Term Fund - 5 years 3.80    3.97    4.14
ASB Bank Term Fund - 9 months 2.45    2.54    2.65
BNZ Term PIE - 120 days 1.50    1.52    1.59
BNZ Term PIE - 150 days 1.75    1.80    1.88
BNZ Term PIE - 5 years 3.90    4.06    4.24
BNZ Term PIE - 2 years 3.60    3.75    3.92
BNZ Term PIE - 18 months 3.00    3.10    3.24
BNZ Term PIE - 12 months 2.90    3.01    3.14
BNZ Term PIE - 9 months 2.40    2.48    2.60
BNZ Term PIE - 6 months 2.20    2.28    2.38
BNZ Term PIE - 90 days 1.20    1.23    1.28
Co-operative Bank PIE Term Fund - 6 months -    -    -
Heartland Bank Term Deposit PIE - 12 months 3.00    3.11    3.25
Heartland Bank Term Deposit PIE - 6 months 2.60    2.69    2.81
Heartland Bank Term Deposit PIE - 9 months 2.60    2.69    2.81
Heartland Bank Term Deposit PIE - 18 months 2.75    2.84    2.97
Heartland Bank Term Deposit PIE - 2 years 3.05    3.16    3.30
Heartland Bank Term Deposit PIE - 5 years 3.50    3.64    3.80
Kiwibank Term Deposit Fund - 90 days 1.15    1.18    1.22
Kiwibank Term Deposit Fund - 6 months 2.15    2.19    2.30
Kiwibank Term Deposit Fund - 12 months 2.80    2.86    3.00
Kiwibank Term Deposit Fund - 150 days 1.75    1.80    1.88
Kiwibank Term Deposit Fund - 120 days 1.50    1.54    1.61
Kiwibank Term Deposit Fund - 9 months 2.40    2.46    2.57
Kiwibank Term Deposit Fund - 90 days 1.15    1.18    1.22
Kiwibank Term Deposit Fund - 6 months 2.15    2.19    2.30
Kiwibank Term Deposit Fund - 12 months 2.80    2.86    3.00
Kiwibank Term Deposit Fund - 150 days 1.75    1.80    1.88
Kiwibank Term Deposit Fund - 120 days 1.50    1.54    1.61
Kiwibank Term Deposit Fund - 9 months 2.40    2.46    2.57
Westpac Term PIE Fund - 150 days 1.70    1.73    1.81
Westpac Term PIE Fund - 120 days 1.50    1.53    1.59
Westpac Term PIE Fund - 18 months 3.00    3.08    3.22
Westpac Term PIE Fund - 12 months 2.80    2.88    3.00
Westpac Term PIE Fund - 6 months 2.20    2.25    2.36
Westpac Term PIE Fund - 9 months 2.40    2.45    2.58
Westpac Term PIE Fund - 90 days 1.20    1.22    1.28
Westpac Term PIE Fund - 2 years 3.30    3.40    3.53
Westpac Term PIE Fund - 150 days 1.70    1.73    1.81
Westpac Term PIE Fund - 120 days 1.50    1.53    1.59
Westpac Term PIE Fund - 18 months 3.00    3.08    3.22
Westpac Term PIE Fund - 12 months 2.80    2.88    3.00
Westpac Term PIE Fund - 6 months 2.20    2.25    2.36
Westpac Term PIE Fund - 9 months 2.40    2.45    2.58
Westpac Term PIE Fund - 90 days 1.20    1.22    1.28
Westpac Term PIE Fund - 2 years 3.30    3.40    3.53
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com