funds in this article
by Julia Groß, Euro am Sonntag
DThe Moscow stock exchange remains closed, the Russian ADRs and GDRs crash on other trading venues. Individual titles are no longer traded at all or only to a limited extent. This is also a problem for some funds. The proportion of Russian stocks in European funds and ETFs is small overall – the Morningstar rating agency puts it at 0.27 percent. But there are, of course, pure Russia funds, and some Eastern Europe and emerging market funds also hold higher proportions of Russian stocks (see below).
Among the latter, some fund companies have now pulled the emergency brake: Union Investment, Templeton and Schroder have temporarily suspended the calculation of the net asset value and the issue and redemption of fund units. This affects the UniEM Eastern Europe, the Templeton Eastern Europe and the Schroder ISF Emerging Europe. At the time of going to press, Deka was unable to provide any information on how the Deka-Convergence share will continue.
At DWS, no new investments are made in Russian equities across the entire range of actively managed retail funds, and the issue of units in funds with a significant exposure to Russia will also be suspended until further notice. Storebrand with the fund subsidiary Skagen Funds has announced that it will sell all Russian holdings.
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Image sources: OlegDoroshin / Shutterstock.com, Anton Gvozdikov / Shutterstock.com, Finanzen Verlag