MSCI Inc. moved Wednesday to drop Russian stocks from its influential indexes that track emerging markets after the invasion of Ukraine shuttered the Moscow Exchange and left global investors unable to sell their holdings.
“MSCI received feedback from a large number of participants, including asset owners, asset managers, broker dealers, and exchanges with an overwhelming majority confirming that the Russian equity market is currently uninvestable and that Russian securities should be removed from the MSCI Emerging Markets Indices,” the company said in a statement.
The index compiler said Russian securities would be moved to “Standalone Market” status from “Emerging Markets” on March 9.
FTSE Russell also announced plans on Wednesday to remove Russian stocks from its indexes.
“Russia will be deleted from all FTSE Russell Equity Indices effective from the open of Monday, March 7,” the firm said.
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MSCI to Remove Russian Stocks From Emerging Market Indexes - The Wall Street Journal
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