Given the sanctions that various countries have imposed on Russia in response to its invasion of Ukraine, leading multinational corporations are keeping their distance from Russian companies, at least temporarily. In addition to inflationary pressures, supply chain issues, and forthcoming interest rate hikes, the decline of the Russian Ruble to record lows amid the chaos in the Russian economy and markets has been of growing concern to investors.
The U.S. stock market has been turbulent so far this year and is not expected to calm down in the near term. So, investors seeking safe bets to generate stable returns. Investor interest in high-quality stocks is evident in the Invesco S&P 500 Quality ETF’s (SPHQ) 1.1% returns over the past month, compared to the SPDR S&P 500 Trust ETF’s (SPY) 0.8% returns.
