JP Morgan Asset Management has suspended the trading of three funds in the wake of the ongoing conflict in Ukraine.
JPMAM confirmed to Investment Week that the firm's Russia Equity Fund and Emerging Europe funds have been suspended with immediate effect. Dealings in the funds were suspended from the valuation point at midday. In a letter to Emerging Europe fund investors, UK funds COO Andrew Lewis said: "Due to the escalating conflict between Russia and the [sic] Ukraine, local market trading conditions are not currently operating as they normally would do and accordingly, we are unable to manage the fund in accordance with the investment objective and policy. "We understand that being unable to...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
