High-profile wealth management firm Koda Capital has apologised for urging clients to take advantage of the crisis in Ukraine after it described Russian stocks as “very cheap”.
The private wealth firm, which advises some of Australia’s richest individuals, on Monday responded to community backlash over its recommendation that clients increase their exposure to managed funds invested in Russian companies.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
