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- Barings Emerging EMEA Opportunities updates on Russian exposure
Barings Emerging EMEA Opportunities (BEMO) has announced that its board has further refined the fair value of all the remaining Russian investments held in BEMO’s portfolio in line with the evolving market situation. In calculating BEMO’s NAV as at 2 March 2022, the Board has reassessed its policy announced on 1 March 2022 to mark to market all traded ADRs, GDRs and other stocks listed on exchanges other than the Moscow Stock Exchange. Key takeaways are as follows:
Since the 25 February 2022 NAV, calculated at close of business 25 February 2022, when the value of Russian Instruments was last carried at full market value and amounted to 17.60% of NAV the following adjustments have been made: (based on 25 February 2022 valuations)
The value of Russian related instruments included within the NAV is now 0%.
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