The Business Times
business-time-50
UKRAINE CONFLICT

Asset managers freeze funds with notable exposure to Russia as sanctions bite

MSCI and FTSE Russell announce that they would drop Russia from their widely followed equity indexes

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Thu, Mar 3, 2022 · 09:50 PM
    In limbo

    Singapore

    ASSET management firms have suspended the dealing and valuation of unit trusts with significant exposure to Russia securities, as MSCI and FTSE Russell announced that they would drop Russia from their widely followed equity indexes.

    FTSE Russell said the exclusion will take effect March 7. MSCI said its decision will be implemented "in one step" across all MSCI indexes at the close of March 9.

    Russiaasset management

    TRENDING NOW

    Tan Boon Liat Building is an industrial warehouse and showroom landmark located at the crossroads of Outram Road and Zion Road.

    Tan Boon Liat Building sold en bloc to Kingsford Group at lower reserve price of S$950 million

    Bank of China has established a new channel for overseas institutions to access China’s bond market.

    Bank of China approved by MAS as a primary dealer

    With OCBC trading at S$28.69 at the time of the report, the new target price implies a downside of 1%.

    CGSI downgrades OCBC on sharp share price gain, less attractive yield, but raises target price

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More