While the Moscow Exchange is closed, it is not possible to obtain an accurate price for the investments of OP-Russia, and the fund is unable to sell any shares it holds. Calculating the fund’s official net asset value (NAV) is therefore impossible.
The last reliably calculated NAV for OP-Russia is from 25 February 2022. In reality, the fund’s value is now significantly lower due to the war in Ukraine. We keep following the developing situation and will inform our customers immediately if trading and reliable calculation of NAV become possible.
As it is impossible to calculate the official NAV for the fund, we will not charge the management fee from the fund's assets as of 1 April 2022, and the fund will no longer contribute towards OP bonuses.
Read more about the OP-Russia mutual fund here