JPMorgan Global Emerging Markets Income Trust PLC - London-based investment trust - Reduces its exposure to Russian equities to less than 0.25% of the company at March 4. At the end of January, the company’s Russian exposure stood at 3.6%. As of March 4, the company is invested, both directly and indirectly, in three Russian equities.
JPMorgan Global EM Income says: ‘The company considers that there has been a material change to the market value of its Russian investments and therefore it is in the best interests of shareholders to apply a fair valuation methodology to those investments in accordance with the established fair valuation policies and procedures of its Manager, JPMorgan Funds Ltd.’
Current stock price: 122.50 pence, down 5.8% in London
12-month change: down 17%
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