Swedish fund association petitions government and FSA to allow splits in funds with Russian securities
The association wants more protection for savers with money in funds with Russia exposure due to the recent stock exchange closures and buy and sell bans. It proposes splitting liquid and currently illiquid holdings into two funds to protect savers from being locked in without opportunities to sell.
by MIRZA GAZIC
The Swedish Investment Fund Association has issued a formal proposal to the government and the regulatory authority for a solution to help savers that currently have money invested in Russia funds, or funds with a certain exposure to the country’s market.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Fund association slams Fondtorget reform
For subscribers
