From Russia with risk


BOSTON: US fund managers warned this month of risks shareholders could face from current or future Western sanctions against Russia, underscoring the stakes for emergingmarkets investors arising out of the turmoil in Ukraine.

Securities filings since April 4 outlined potential problems for funds including the US$124.6mil ING Russia Fund, the US$841.1mil SSgA Emerging Markets Fund and a number of iShares exchange-traded funds offered by BlackRock Inc.

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