The current situation in Russia and Ukraine has led to some significant inconsistencies relating to the pricing and valuation of Russian holdings, and products whose value is derived from them. This may lead to some mismatches when comparing portfolio returns and weights relative to Equity and Fixed Income market indices. This issue is driven by the decision to freeze trading on most local Russian exchanges from the beginning of 28th February. This resulted in a discrepancy in the valuation point as at end 28th February between local Russian holdings and those assets with exposure to Russian securities, such as ADRs, which were still able to be traded on other global exchanges. In the case of local Russian equity holdings the last traded price was typically higher than the last traded price of GDRs/ADRs. Portfolios generally held GDRs/ADRs, but indices generally incorporated local market data. There are also similar impacts seen across Fixed Income holdings
Fund Notification underway. Find out more about the changes via the following link. CIF prospectus changes (PDF)
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The information in relation to the index is provided for context and illustration only. The fund is an actively managed UCITS. It is not managed in reference to a benchmark.
Past results are not a guide to future results