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
Add BT as a preferred source
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.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Stocks to watch: ThaiBev, Genting Singapore, First Resources, Olam Group, UMS Integration, Frencken, SBS Transit and more
Olam H1 profit up six times to S$1.9 billion on Olam Agri spin-off; declares dividend of S$0.07 a share
