Dirty money
Outsider, like the rest of the world, has been paying close attention to the abhorrent actions undertaken by Russian President Vladimir Putin, enough to heed the advice of the Australian Federation of Ukrainian Organisations and boycott Russia.
Doing what little he could, Outsider decided to divest from Russian companies and firms associated with Putin’s regime and throw out his Russian vodka, encouraging his friends to do the same.
This is why Outsider was particularly hurt to see wholesale advisers, Koda Capital, recommending to clients via email that they increase their investment in Russian companies as Russian stocks were “very cheap”.
While the firm issued an apology, saying the email had been sent in error as an ‘ethical overlay’ had not been applied, Outsider would like to know what an ethical overlay really meant.
Outsider and Money Management #standwithukraine.
AUTHOR
The Outsider
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