Of the record $900 billion poured into the U.S. ETF industry in 2021, roughly one-in-every-three dollars went to Vanguard’s mostly passive, dirt-cheap products.
The war and the implications of sweeping U.S. and European sanctions on Russia have upended Black Sea supplies at a time when global stockpiles of raw materials are already tight.
The currency’s collapse, black-listed financial institutions and increasing capital controls are throwing into chaos the financial lives of people who live, work and study globally.