ETF issuers face dilemma with frozen Russian funds
To liquidate or not to liquidate? BlackRock, VanEck and Lyxor risk lawsuits if they wind down ETFs
Issuers of exchange-traded funds (ETFs) invested in Russian stocks and bonds are in a dilemma. They can leave the ETFs, which were suspended in the first week of March, in hibernation and continue to pay out hefty fixed costs. Or they can liquidate the funds, returning the net asset value of the investments to their clients, and run the risk of being sued.
BlackRock, VanEck and Lyxor Asset
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