By Carolyn CohnLONDON (Reuters) -BlackRock’s iShares will close its MSCI Russia and MSCI Eastern Europe exchange-traded funds, BlackRock said on Friday, joining several other funds which have shut their doors because of the Ukraine conflict. BlackRock had already suspended the funds in early March, shortly after Russia’s invasion of Ukraine, which Moscow calls a “special military operation”, on Feb 24. The MSCI Russia fund had $18 million under management and the MSCI Eastern Europe fund had $108 million, according to BlackRock data. Two other BlackRock funds with Russia exposure remain suspended but have not closed, a BlackRock spokesperson said. A total of $6 billion in assets under management has been frozen in Russian or emerging market funds with Russia exposure since the invasion, Morningstar data shows.

Source: MetroXpress May 21, 2022 00:20 UTC