Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222m, according to a statement and a spokesperson, down from over $1.7bn six months ago.
The Goldman Sachs GQG Partners International Opportunities Fund was 0.99% exposed to Russia as of the end of February, Goldman Sachs said in a statement on its website, with holdings in Lukoil, Rosneft and Gazprom.
A spokesperson said the fund had $22.45 billion in assets as of the end of Feb., with Russian exposure equivalent to $222.3 million.
This is down from exposure of more than $1.7 billion as of September, according to Morningstar data.
Read more: Reuters
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