S&P Dow Jones Indices to consult on Russian securities in indices
S&P Dow Jones Indices (S&P DJI) is initiating a consultation on Russian securities in its indices.
The US Treasury is placing sanctions on select Russian securities and individuals. Members of the European Community are also taking similar actions.
While S&P Dow Jones Indices believes that its indices are not directly impacted by these actions, it says some licensees may be required to divest holdings of sanctioned companies.
The goal of this client consultation is to: (1) provide S&P DJI with the information to assist it in making any appropriate and potential index modifications in a timely and efficient manner, and (2) ensure that the indices continue to take into account changing market conditions, including the recently announced sanctions and any impact they might have on the licensees and other market participants.
S&P DJI is requesting that responses are submitted by 15 August 2014.
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