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No Russian stocks to be removed from S&P Dow Jones Indices

Tue, 19/08/2014 - 09:00

S&P Dow Jones Indices (S&P DJI) has announced that no Russian stocks will be removed from its indices.

The index provider launched a consultation on 31 July regarding Russian securities in its indices.
 
Following the end of its client consultation regarding government sanctions placed on Russian companies, and following research conducted by S&P DJI as to the applicability of the sanctions put in place in various jurisdictions, no Russian stocks will be removed from S&P DJI indices and no adjustments will be made to its indices at this time.
 
“Based on comments received from stakeholders as well as our own research, it is S&P DJI’s understanding that Russian laws and regulations provide for sufficient advanced public notice of new equity issuances to allow index adjustments to be made with normal announcement periods if any such adjustment is deemed appropriate,” says David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. 


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