MSCI has reclassified its Russia indices from emerging markets to a standalone markets status, reflecting the “currently uninvestable” position of the country.
The decision, effective market close 9 March, will see the Russia indices reclassified across all MSCI indices, including standard, custom and derived indices, at a price that is "effectively zero". Fitch Ratings warns investors to expect more Russia funds to suspend redemptions A consultation with institutional investors was launched on 28 February by the index provider to assess the accessibility and investability of the Russian equity market, following the nation's decision to invade Ukraine on 24 February. An "overwhelming majority" agreed the market is "currently uninvestable"...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
