Quilter stops third-party managers investing in Russia and Belarus

While the firm's sub-advised funds can continue to hold exposure to Russia and Belarus, they will no longer be able to increase existing holdings in any company listed or located in the countries. The ban extends to any directly held security issued by a company, bank, public entity or government, as well as indirectly held exposure, such as derivatives. Quilter added that it will "continue to engage with the managers where there are existing exposures, which are minimal, about how they plan on handling these". The sub-advised funds are controlled by various asset managers appointe...