Asset Management

ESG funds from Abrdn, Amundi, Carmignac among 66 stuck with Russian holdings

Leading asset managers are facing questions over their ESG funds' exposures to Russia

ESG funds are facing Russian investment risks, but also moral uncertainty amid war with Ukraine
ESG funds are facing Russian investment risks, but also moral uncertainty amid war with Ukraine Photo: Alexander Nemenov/Getty Images

More than 60 of Europe's greenest funds hold stakes in Russian companies, with ESG funds from Abrdn, Carmignac and Amundi among the most exposed.

Asset managers have spent the past two weeks frantically trying to reduce their exposure to Russia, as investors say the market has become uninvestable following president Vladimir Putin’s invasion of Ukraine.

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