DWS is set to terminate its Russia ETF, following the fund’s suspension after the Russian invasion of Ukraine has "rendered [it] impractical".
The Xtrackers MSCI Russia Capped Swap UCITS ETF will see a final index calculation on 16 December before a compulsory redemption on 19 December. The ETF will then delist from the London Stock Exchange, Deutsche Boerse and Borsa Italiana on 20 December. Additionally, the MSCI announced that the fund's benchmarked, MSCI Russia Issuers Capped 25% index, which was suspended on 1 March after the invasion of Ukraine is going to be discontinued from 1 March 2023. JP Morgan Russian Securities: New mandate will help avoid 95% losses In a letter to shareholders, DWS said that the sus...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
