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British investment trust Jupiter cuts exposure to Russian securities

By Reuters

– Jupiter Emerging & Frontier Income Trust said on Thursday its exposure to Russia-listed securities was down to 0.4% after it sold some assets amid sanctions against Moscow and a fall in the price of those holdings.

London-listed Jupiter, which no longer holds shares in Russia’s Sberbank, said as at Feb. 23 its exposure to Russian assets was 6.3% of net asset value.

The British investment trust added that it has no exposure to Ukranian securities.