BlackRock blocks purchase of Russian equities across active and index funds

Mark Battersby
clock • 1 min read

BlackRock, the world's largest asset manager, said it halted trading Russian securities across its funds earlier this week. In a statement on 3 March, it suspended the purchase of all Russian securities across its active and index funds on 28 February following Russia's invasion of Ukraine during the previous week. Russian securities now account for less than 0.01% of clients' assets, mostly across its index portfolios, BlackRock said in the statement from Rich Kushel, its head of the portfolio management group and Salim Ramji, global head of iShares and index investments. A raft o...

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