[ad_1]
Investment service provider MSCI is pulling Russia out of its emerging market indices and is now calling the country an “independent” market.
The firm said Wednesday that Russian shares were “uninvestable”, based on reactions from “an overwhelming majority” of investors and asset managers following the Russian occupation of Ukraine.
Starting next Wednesday, all Russian indices will be reclassified, MSCI added.
The movement talks about how isolated Moscow is becoming as it continues to face new waves of punitive sanctions.
On Wednesday, the FTSE Russell, another index provider under the London Stock Exchange, also said it would cut Russia from all of its widely traded stock indexes from next week.
top channel
[ad_2]
Source link
