The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (8615)	3/3/2022 4:50:33 AM
From: kidl	Read Replies (2) of 13784

Russian stocks are becoming "uninvestable," says top index provider From CNN's Michelle Toh March 03, 2022 Investment service provider MSCI is booting Russia from its emerging markets indices and is now calling the country a "standalone" market. The firm said Wednesday that Russian stocks were "uninvestable," based on feedback from "an overwhelming majority" of investors and asset managers following Russia's invasion of Ukraine. Starting next Wednesday, all Russian indices will be reclassified, MSCI added. The move speaks to how isolated Moscow is becoming as it continues to grapple with new waves of punishing sanctions. “It’s very difficult to see any scenario right now where buying Russian assets makes sense,” David Coombs, head of multi-asset investments at Rathbones, told CNN Business last week. The view is gaining traction. On Wednesday, FTSE Russell, another index provider under the London Stock Exchange, also said it would cut Russia from all its widely tracked stock indices from next week.

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