DoubleLine Publishes Paper: "The Ruble as Weatherglass of a Competing Trade-and-Finance Axis"

Rhea-AI Summary

DoubleLine's Bill Campbell highlights in a recent research paper that Russia's financial resilience against Western sanctions has bolstered the credibility of the China-Russia alliance as a competitor to the West. Campbell asserts that sanctions have failed to achieve their objectives and have accelerated shifts in global trade that may benefit emerging markets. As of June 30, 2022, DoubleLine managed $107 billion in assets across various investment vehicles. Investors should monitor these evolving dynamics and their potential implications for future investment opportunities.

Positive

• Russia's financial resilience is evident through currency strength and a current account surplus.
• The China-Russia axis is being viewed as a viable alternative to Western dominance, opening new investment opportunities.

Negative

• Western sanctions against Russia have not only failed but have also potentially worsened economic conditions for the West.

LOS ANGELES, Aug. 9, 2022 /PRNewswire/ -- In a new research paper, DoubleLine Global Bond Portfolio Manager Bill Campbell concludes Russia's financial resilience in the face of Western sanctions has demonstrated the China-Russia axis as a viable political and economic rival to the West.

"In light of Russian resilience, including the strength of Russia's currency and current account surplus," Mr. Campbell writes, "the China-Russia axis has gained credibility as an exemplar to other sovereign governments seeking alternatives to a world order once dominated by the G-7 countries.

"Western sanctions against Russia have not only failed to work as intended, they also have accelerated trends in global trade and finance to the disadvantage of the West. Investors should keep these developments on their radar, as resulting opportunities in emerging markets and infrastructure projects are likely to become more apparent in the quarters and years ahead."

To read the paper, please click on this link: https://doubleline.com/wp-content/uploads/China-Russia-Axis_Campbell_8-8-2022.pdf

About DoubleLine

DoubleLine provides its services through investment advisers registered under the Investment Advisers Act of 1940. As of the June 30 close of the second quarter of 2022, DoubleLine managed $107 billion in assets across all vehicles, including open-end mutual funds, collective investment trusts, closed-end funds, exchange-traded funds, hedge funds, variable annuities, UCITS and separate accounts. DoubleLine's offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. News media can reach DoubleLine by e-mail at media@doubleline.com. DoubleLine® is a registered trademark of DoubleLine Capital LP.

 

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SOURCE DoubleLine

FAQ

What does Bill Campbell’s research paper discuss regarding Russia and the West?

Bill Campbell's research discusses Russia's financial resilience against sanctions and the growing China-Russia axis as a rival to the West.

What implications does the paper suggest for investors?

The paper suggests that evolving dynamics due to the China-Russia alliance may create new investment opportunities in emerging markets.

How much does DoubleLine manage as of June 30, 2022?

As of June 30, 2022, DoubleLine managed $107 billion in assets across various investment vehicles.

What has been the effect of Western sanctions according to the paper?

According to the paper, Western sanctions have not only failed to work as intended but have also accelerated unfavorable trends for the West.