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JPMorgan, Danske Bank Freeze Funds Exposed to Russian Assets
- JPMorgan suspended its Emerging Europe fund and Russia fund
- Danske’s Eastern European fund has also stopped trading
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JPMorgan Chase & Co. and Danske Bank A/S were among asset managers to freeze funds with exposure to Russian equities amid a plunge in markets.
JPMorgan Asset Management said clients won’t be able to buy or redeem shares in the JPM Emerging Europe Equity fund or its Russia fund, according to a statement Monday. Danske Invest Management said it is suspending trading in its Eastern European fund, while Liontrust Asset Management Plc said on Monday it is halting withdrawals and purchases of its Russia fund until further notice.