Following a chemical attack in Douma near the Syrian capital Damascus that claimed around 60 lives, Trump conducted military strikes in Syria, with support from France’s president Emmanuel Macron and Britain’s prime minister Theresa May.
After the attack, Russia warned the United States of retaliatory actions. In this context, mutual funds that are capable of offering favorable returns and bear a lower level of risk might be prudent investment options. In order to identify low-risk mutual funds, we have used Sharpe ratio, which is used to measure a fund’s risk-adjusted returns.
What Happened in Douma?
On Apr 7, Douma, a rebel-held western Syrian city near Damascus witnessed a serious attack when chemical bombs were dropped on the region. Following the attack, around 60 people including women and children lost their lives, while more than 1,000 were injured. President Trump slammed this attack, calling its “heinous” and “atrocious” and said that the United States has “a lot of options militarily” to answer to this.
Last April, Syria’s Shayrat airbase, which acted as a launch pad for a poisonous gas attack on the city of Khan Sheikoun, was attacked and neutralized by the United States. During the weekend, Trump government along with allies, the U.K. and Germany conducted military actions against president Assad-led Syria. President Trump tweeted “Mission Accomplished” after United States carried out the missile strike.
Russia Condemned U.S. Military Attack
Meanwhile, one of Syria’s allies, Russia condemned this military attack and said that the country felt “threatened” by the U.S. In fact, Anatoly Antonov, Russia’s ambassador to the U.S., said that “a pre-designed scenario is being implemented,” and warned that this kind of action “will not be left without consequences.” Additionally, Russian President Vladimir Putin tagged this an “act of aggression” and called for an emergency meeting of the UN Security Council to discuss the attack.