Russia's Lower House Of Parliament Votes To Raise Upper Age Limit For Conscription To 30
Portfolio Pulse from Charles Gross
Russia's lower house of parliament has voted to raise the upper age limit for conscription to 30. This could potentially impact the country's military manpower and geopolitical stance.
July 25, 2023 | 11:57 am
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NEUTRAL IMPACT
The news may indirectly affect SPY as it tracks a market-cap-weighted index of US large- and midcap stocks, which could be influenced by geopolitical changes.
While SPY is not directly linked to Russia's military policies, any significant geopolitical changes can influence global markets and thus indirectly affect the ETF.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
The news may indirectly affect VGK as it tracks an index of stocks from developed European countries, which could be influenced by geopolitical changes in Russia.
While VGK is not directly linked to Russia's military policies, any significant geopolitical changes in Russia can influence European markets and thus indirectly affect the ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30