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March 2, 2022updated 23 Mar 2022 1:04pm

Nordea Asset Management to shed Russian investments

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Nordea Asset Management (NAM) has decided to exit all investments in Russia after the country launched a military operation in Ukraine, reported Reuters.

The Denmark-based asset manager is planning to sell down its investments in the country, including in equities, government bonds, alternatives and corporate debt.

NAM said in a statement: “NAM has been in the process of reducing its exposure to Russia for some time and will in line with the exclusion decision continue to do so further to the extent possible.”

The company was planning a gradual exit over time, according to the report.

Meanwhile, Russia has temporarily barred foreign investors from offloading Russian assets as several asset and fund managers seek to cut their exposure in the country.

The move is announced as a measure to prevent the investor retreat from the country after sanctions by the US and its allies resulted in a market plunge, according to another report by Reuters.

British asset manager abrdn and hedge fund Man Group are also on the list of major money managers who have been cutting their positions in Russia in recent weeks.

Asset manager BlackRock is said to be in discussion with regulators, index providers and other market participants to help clients exit their positions in Russian securities wherever applicable.

Austrian lender Raiffeisen Bank International (RBI) is also reportedly planning to exit Russia.

RBI, a key player in central and eastern Europe, has been operating in Russia since the fall of the Soviet Union.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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