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Fidelity Investments says more than 92% of its funds have no Russian securities

Published 03/01/2022, 02:33 PM
Updated 03/01/2022, 02:38 PM
© Reuters. FILE PHOTO: A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida March 19, 2016. REUTERS/Carlo Allegri

© Reuters. FILE PHOTO: A Fidelity Investments store logo is pictured on a building in Boca Raton, Florida March 19, 2016. REUTERS/Carlo Allegri

BOSTON (Reuters) - Fidelity Investments on Tuesday said more than 92% of its mutual funds do not have any investment in Russian securities, as of the latest disclosures.

In a statement sent by a representative, the family-controlled asset manager said in the remaining funds, Russian securities are "a very small percentage" of each fund's assets. About a quarter of the funds still holding Russian securities are index funds, Fidelity said.

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