Liontrust has suspended dealing in its £236.7m Russia fund, meanwhile MSCI is seeking feedback on the “accessibility and investability of the Russian equity market”.
Liontrust said investors in its Russia fund would not be able to make purchases or redemptions in the fund until further notice. The fund holds the highest proportion of its assets in Russian equities, at 97.3%, of any fund in the Investment Association universe, according to FE fundinfo. In a statement, a spokesperson for the firm said: "We have not taken this action lightly but in this case we believe this is in the best interests of all investors given the events of the past few days and comes after discussions with the fund's depositary. "These events include today's closure of th...
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