Table of contents: Setting the stage for 2022 2022 continued on from where 2021 left off — an increase in market volatility and persistent concerns about the macro environment dominating headlines. There are ongoing market concerns around the pace of central banks' rate hikes needed to combat inflation. With Russia’s invasion of Ukraine in late-February, volatility spiked to a 12-month high in March. Energy and commodity prices continue to stay elevated, bringing to the fore greater risk of stagflation. Investors will watch for the effect that sanctions in Russia will have on the global economy. What are Endowus' Flagship Portfolios? Endowus’ Flagship Portfolios are designed to give investors broad exposure to global markets in a strategic and passive asset allocation. This is opposed to a tactical — or short-term and opportunistic — allocation. It is also unlike an active allocation that most of our competitors espouse. Our allocation strategy means...