BlackRock waives fees on suspended funds with significant Russian exposure

clock • 1 min read

Fund giant BlackRock has waived the fees on three funds with "significant" exposure to Russia that have been suspended due to the "exceptional" circumstances of Putin's invasion of Ukraine. The funds - which include a fund focusing on emerging European countries as well as Eastern European and Russia-focussed ETFs - will remain suspended until further notice while BlackRock evaluates the situation. BlackRock Global Funds (BGF) Emerging Europe fund took the decision to suspend the valuation of all share classes from the fund in a bid to "protect the interests" of investors in the fund....

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