As the conflict in Ukraine continues, we are reaching out to assure you that we are closely monitoring the situation and any potential implications on client portfolios as well as the impact more broadly across financial markets.
We have conducted a thorough analysis of our investment exposure in Ukraine and Russia, and have determined that our overall exposure to assets based in these regions is negligible, at less than 0.1% of our portfolio globally. Across all of the investment portfolios that we manage, we have no direct or indirect investments in companies located in either Ukraine or Russia.
While we are commenting on the minimal exposure of our investments, the more important comment is on the unfolding tragedy in Ukraine. Forty-four million innocent people in that country are facing an unprovoked invasion from a major military power. We all thought war in Europe could never happen again. It has. We, like many of you, have colleagues and clients, with relatives and loved ones in Ukraine and we are all concerned for their safety. We join in the outrage the large majority of the world has voiced at the Russian government’s brutal violation of Ukraine’s peace and security, and ultimately human rights.
As always, thank you for entrusting us with your portfolios and thank you for your ongoing partnership. Should you have any questions or wish to speak to a member of our team, please do not hesitate to contact us directly either by email at Sales@Hanlon.com or reaching out to your respective Hanlon Investment Management contact at (888) 641-7100.