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Funds forced to estimate value of Russian securities
Western asset managers can sell Russian shares from April 1. But they have to value them by March 31
![russia stocks drop russia stocks drop](/sites/default/files/styles/landscape_750_463/public/2022-03/russia-stocks-drop.jpg.webp?itok=bw0KGnS6)
Asset managers have until March 31 to make a “judgemental call” on the value of their investments in Russian stocks and bonds, securities that foreign firms are forbidden from selling even though the Moscow Exchange has reopened after a closure lasting three-and-a-half weeks.
Western investors have to put a value on the holdings in their funds at the end of each quarter, but the ban on selling imposed by the Russian authorities means Moscow’s stock market no longer provides a true measure of
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