Emerging Markets funds with more exposure to Russian equities
3 MAR, 2022
By Constanza Ramos
The war of Russia on Ukraine continues. Sanctions on Russia have been imposed. Some of the sanctions confirmed so far have been: Russian Banks to be removed from the SWIFT, paralysation of the assets of Russia’s Central Bank, as well as freezing the assets of the Russian oligarchs in Europe. All these sanctions, and the ones that are to come, had a terrible effect on Russian equities, and at the same time, on those Emerging Markets funds with a major exposure to Russian Equities.
We have put together the Emerging Markets investment funds with a bigger exposure to Russian Equities, as well as the main positions of each of the funds. Some asset managers have started to remove their positions from Russia, but in the meantime, the markets are suffering from this attack perpetuated by Russia on a democratic European country.
Source: Morningstar Data (Raiffeisen-Osteuropa-Aktien, BlackRock Global Funds - Emerging Europe Fund 28/02/2022), (Aberdeen Standard SICAV I - Eastern European Equity Fund, Schroder International Selection Fund Emerging Europe 25/02/2022), (Magna Umbrella Fund plc - Magna Eastern European Fund 01/03/2022)
Raiffeisen-Osteuropa-Aktien
| Company | 1 year change | Portfolio weight |
|---|---|---|
| NK Lukoil PAO LKOH:MCX | -13.79% | 9.00% |
| Gazprom PAO GAZP:MCX | +2.63% | 7.92% |
| Sberbank Rossii PAO SBER:MCX | -52.84% | 7.80% |
| Yandex NV YNDX:NSQ | -72.12% | 5.39% |
| Novatek PAO NVTK:MCX | -14.01% | 4.56% |
Source: Markets FT 03/03/2022
BlackRock Global Funds - Emerging Europe Fund
| Company | 1 year change | Portfolio weight |
|---|---|---|
| NK Lukoil PAO LUK:BER | -56.97% | 8.15% |
| Sberbank Rossii PAO SBER:MCX | -52.84% | 6.93% |
| Gazprom PAO OGZD:LSE | -90.31% | 5.28% |
| Gazprom PAO GAZP:MCX | +2.63% | 4.20% |
| Yandex NV YNDX:NSQ | -72.12% | 4.17% |
Source: Markets FT 03/03/2022
Aberdeen Standard SICAV I - Eastern European Equity Fund
| Company | 1 year change | Portfolio weight |
|---|---|---|
| NK Lukoil PAO LUK:BER | -56.97% | 9.67% |
| Sberbank Rossii PAO SBER:MCX | -52.84% | 8.49% |
| Novatek PAO NVTK:MCX | -14.01% | 7.92% |
| Gazprom PAO GAZP:MCX | +2.63% | 5.96% |
| Yandex NV YNDX:NSQ | -72.12% | 4.08% |
Source: Markets FT 03/03/2022
Schroder International Selection Fund Emerging Europe
| Company | 1 year change | Portfolio weight |
|---|---|---|
| Gazprom PAO OGZD:LSE | -90.31% | 7.89% |
| Sberbank Rossii PAO SBNC:BER | -70.70% | 7.89% |
| NK Lukoil PAO LUK:BER | -56.97% | 7.84% |
| Novatek PAO NVTK:LSE | -99.64% | 7.13% |
| Yandex NV YNDX:NSQ | -72.12% | 5.72% |
Source: Markets FT 03/03/2022
Magna Umbrella Fund plc - Magna Eastern European Fund
| Company | 1 year change | Portfolio weight |
|---|---|---|
| PJSC Lukoil ADR | -90,96% | 9,33% |
| Sberbank of Russia PJSC | -47,39% | 9,14% |
| Novatek PJSC DR | -96,27% | 7,36% |
| Gazprom PJSC ADR | -85,90% | 6,51% |
| Yandex NV | -72.12% | 4,16% |
Source: Morningstar 03/03/2022
