My Financial News from Luxembourg, Cryptocurrencies

from Bing and Google News
Luxembourg , Thursday 16 April 2026

Two thirds of Luxembourg funds with big Russia exposure suspended, watchdog says

Published on: Tuesday 22 March 2022

Two thirds of Luxembourg funds with big Russia exposure suspended, watchdog says Two thirds of funds in Luxembourg with heavy Russian exposure have been suspended following the Ukraine invasion, the Grand Duchy's securities regulator said on Tuesday, adding that the sector's Russian exposure is limited to 0.3% of total assets under management. Claude Marx, director general of the Commission de Surveillance du Secteur Financier (CSSF), which regulates funds in Luxembourg, one of Europe's top fund centres, said total exposure to Russia was 18.2 billion euros ($20.02 billion), with two-thirds in equities and the rest in bonds.


News source: https://finance.yahoo.com/news/two-thirds-luxembourg-funds-big-130946102.html

Share this news on:  

RELATED NEWS

» Former JPMorgan, Barclays execs on why crypto jobs attractive even in bear market
» Aperam announces the completion of its share buyback program
» Genpact Luxembourg S.a r.l. -- Moody's affirms Genpact's Baa3 issuer rating; outlook is stable
» Two thirds of Luxembourg funds with big Russia exposure suspended, watchdog says
» DGAP-News: CPI PROPERTY GROUP - Strategic Next Steps for S IMMO

HEADLINE NEWS