S&P Dow Jones Indices has initiated a consultation on Russian securities in its indices to see if recently announced sanctions will have impacts
In a statement, the index provider says the decision was prompted the fact that the US Treasury has announced that it is placing sanctions on select Russian securities and individuals and 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, we do recognise that some licensees may be required to divest holdings of sanctioned companies,” it says.
Its client consultation aims to gather information on making any appropriate and potential index modifications in a timely and efficient manner, and also to ensure that its indices continue to take into account changing market conditions.
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