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Splitting Norwegian funds with Russian stock investments not necessary

Swedish fund managers have asked the country’s FSA for permission to split up funds with investments in Russian equities – and were accommodated. Neither Storebrand Asset Management nor KLP Kapitalforvaltning see a need for similar measures in Norway.

Håvard Gulbrandsen, CEO at KLP Kapitalforvaltning (left), and Bård Bringedal, CIO, Equities, at Storebrand. | Photo: KLP, Storebrand

Swedish asset managers with investments in Russian stocks are being split up to prevent clients from being locked in with equities that are impossible to trade.

Similar moves in Norway have been deemed irrelevant by Storebrand Asset Management and KLP Kapitalforvaltning.

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