Laura Suter shares her thoughts on closed fund charges in light of the Russian/Ukraine crisis and says some asset managers find themselves in a tricky situation...
The issue of investors being charged management fees for funds they can't access or trade has reared its head again with the latest fund suspensions as a result of the Russia/Ukraine crisis. The market turmoil and restrictions on UK investors trading in Russian markets mean that a number of funds have been forced to close to investors. The Liontrust Russia fund, for example, took the decision to close the fund to withdrawals around four days after the Ukrainian invasion began. At the time it said that while the decision hadn't been taken lightly, "suspending dealing was in the best inter...
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
