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Asset managers freeze funds with significant exposure to Russia as sanctions bite
FTSE Russell said the exclusion will take effect March 7. MSCI said its decision will be implemented "in one step'' across all MSCI indexes at the close of March 9.
Year to date, the funds invested in Russia or emerging Europe are down by between 32 and 59 per cent, based on Morningstar data. Investors who have an allocation will likely have to mark their holdings down to zero for now, given the inability to exit or to even obtain a valuation.