Nordea Asset Management (NAM) has decided to exclude all Russian investments, including government bonds, equities and bonds. NAM has been in the process of reducing its exposure to Russia for some time and, in line with the exclusion decision, will continue to do so further to the extent possible.
All Nordea funds are covered by the exclusion. While some funds have rules that can require them to keep some Russia exposure, this is being looked into.
The full exclusion follows a quarantine decision on Russian government bonds and equities and bonds in state-owned or controlled enterprises which entered into force on 23 February.
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