Goldman Sachs GQG Fund Cuts Russian Exposure to $222 Million

Goldman Sachs GQG Fund Cuts Russian Exposure to $222 Million
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange on July 16, 2013. Brendan McDermid/Reuters
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NEW YORK—Goldman Sachs Asset Management has reduced the Russian exposure in its GQG international equity fund to about $222 million, according to a statement and a spokesperson, down from over $1.7 billion six months ago.

The Goldman Sachs GQG Partners International Opportunities Fund was 0.99 percent exposed to Russia as of the end of February, Goldman Sachs said in a statement on its website, with holdings in Lukoil, Rosneft, and Gazprom.