Latest News

Factbox-The funds that have large Russia exposure

© Reuters. FILE PHOTO: People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov

By Davide Barbuscia

NEW YORK (Reuters) – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data.

U.S. asset managers like Capital Group, Blackrock (NYSE:BLK) and Vanguard disclosed large exposures, according to the most recent portfolio information available to the research firm.

Disclosures cover a period starting September 2021 through to Feb. 25 this year. They total over $60 billion when considering the top 100 open-end funds and exchange-traded funds worldwide in terms of estimated U.S. dollar exposure to Russian securities, according to Morningstar data.

It is not known if the funds have changed their positions since they released their data.

A spokesperson for Harving Loevner confirmed the Morningstar figures and a spokesperson for MFS Investment Management said exposure amounted to approximately $1 billion as of the end of January, adding the firm was monitoring the situation closely to assess impact on its investments.

Most of the other asset managers declined to comment on the specific figures, others did not respond to comment requests.


* Invesco Developing Markets Fund: $3.6 bln (equity)

* PIMCO Income Fund: $3.57 bln (fixed income)

* Vanguard Total International Stock Index Fund Investor Shares: $3.56 bln (equity)

* Vanguard Emerging Markets Stock Index Fund Investor Shares: $3.13 bln (equity)

* Capital Group’s American Funds Capital World Growth and Income Fund Class A: $1.95 bln (equity)

* PIMCO GIS Income Fund Institutional USD Accumulation: $1.82 bln (fixed income)

* Goldman Sachs (NYSE:GS) GQG Partners International Opportunities Fund Institutional Shares: $1.72 bln (equity)

* Capital Group’s American Funds EuroPacific Growth Fund: $1.69 bln (equity)

* Fidelity® Series Emerging Markets Opportunities Fund: $1.67 bln (equity)

* iShares Core MSCI Emerging Markets ETF: $1.49 bln (equity)


Top asset managers with Russian exposure, according to Morningstar data and Reuters calculations:

* Capital Group: over $8 bln (equity and fixed income)

* Vanguard: around $7.8 billion (equity and fixed income)

* PIMCO: over $6 bln (fixed income)

* BlackRock: $264 mln but around $5 bln when including iShares ETFs (equity and fixed income)

* Fidelity: $4.49 bln (equity and fixed income)


Other investment firms managing Russian exposures of over $1 bln, according to Morningstar data and Reuters calculations, include: JPMorgan (NYSE:JPM) Asset Management, GQG Partners, MFS Investment Management, Harding Loevner.

Factbox-The funds that have large Russia exposure

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News