Asset Managers · Asset Servicing · Regulation

CSSF guidance expected on 145 Russia-exposed funds 

The Stalin skyscraper in Moscow. Photo by Alex Zarubi on Unsplash.

Even as limited trading resumed on Moscow’s exchange on Thursday, prospects for emerging market funds exposed to Russia remained cloudy as determining accurate asset values continued to be nearly impossible. Fund managers now await guidance from financial supervisors before taking next steps on suspended funds.

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