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From 10 days of war to 10 years of inflation?

March 15, 2022
clock 3 MIN READ

Over the last 10 days, the extent to which investor portfolios have been exposed to events related to the Russia/Ukraine conflict has trumped more traditional style factors, but it is still possible to draw some conclusions from the relative performance of factor returns.

As shown in Exhibit 1, since Russia invaded Ukraine on 24 February 2022, value (as measured by the SEI Value Factor Family) has been defensive in the US and has been helped by exposure to the energy and utilities sectors, which have risen in tandem with surging oil prices. (Download the full commentary to view data exhibits.)

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