Dear Clients, Investors,
Hereby we would like to inform our clients about the extraordinary effects of the Russian-Ukrainian military conflict on the capital market.
The Russian-Ukrainian Foreign Ministerial talks held in Istanbul on March 10, 2022, unfortunately did not bring the long-awaited relief between the parties. There is currently little chance of an immediate end to the armed conflict and the economic sanctions imposed remain in place.
In its response to Western sanctions, Russia has banned, among other things, foreign investors to place orders for securities traded on the Russian stock exchange. The Moscow Stock Exchange continues to suspend trading in all markets. The Russian stock market is still closed, but a possible market opening would not mean a change at the moment, as capital restrictions and sales bans on foreigners still in place.
The ongoing armed conflict between Russia and Ukraine has made it impossible to reach the local stock exchange, so the sale or redemption of investment units cannot be carried on due to reasons attributable to the portfolio fund manager. Unfortunately the conditions for the resumption of continuous distribution of Aegon Russia Equity Investment Fund are still not met.
Our capital market outlook published on our homepage on 9 March 2022. by Aegon Hungary Investment Fund Management Co. is available on the following link: https://www.vigam.hu/en/news/client-information-capital-market-outlook-09-03-2022/
Our previous announcements about Aegon Russia Equity Investment Fund you can reach on the following link: https://www.vigam.hu/en/news/supplemental-announcement-about-the-suspension-of-distribution-4/
We further inform our Clients that the suspension of the Aegon Russia Equity Investment Fund will not result in any change in the operation and solvency of the Aegon Hungary Investment Fund Management Co.
March 11. 2022.
Aegon Hungary Investment Fund Management Co
The information contained in this communication is for informational purposes only and does not constitute an investment recommendation, offer, investment advice or solicitation. The information contained in this communication may change. Past performance is no guarantee of future performance of the investment funds. Aegon Hungary Investment Fund Management Co is not responsible for the investment decision and its consequences made on the basis of this information.