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Amundi, Axa IM, Carmignac among fund managers with $329m of ESG investments stuck in Russia

The Morningstar data shows 17 green funds with lingering Russia exposure

By Kristen McGachey
President Vladimir Putin delivers his speech during a patriotic concert in Moscow as fund managers face continued pressure to pull back
President Vladimir Putin delivers his speech during a patriotic concert in Moscow as fund managers face continued pressure to pull back Photo: Getty Images

Asset managers have made good on promises to dump Russian assets from their ESG funds, but a year on from the Ukraine invasion some still have money tied up in the region.

Financial News can reveal there are 307 global sustainable funds with some exposure to Russian securities as the war enters its second year, according to data compiled for FN by Morningstar.

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