Asset managers freeze funds with notable exposure to Russia as sanctions bite

Singapore

ASSET management firms have suspended the dealing and valuation of unit trusts with significant exposure to Russia securities, as MSCI and FTSE Russell announced that they would drop Russia from their widely followed equity indexes.

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.