FTSE Russell to drop eight Chinese firms after U.S. blacklisting
Index provider FTSE Russell said they would delete shares of video security firm Hikvision and seven other Chinese companies from certain products after a U.S. order restricting purchase of their shares.
A spokesman for owner London Stock Exchange Group FTSE Russell said it acted on feedback from index subscribers and other stakeholders, and was following its policy when sanctions are imposed that restrict investments. He added that deletions from its FTSE Global Equity Index Series and several others would take effect on Dec. 21.
“We would expect all index providers to ultimately remove some Chinese securities in an effort to comply with the U.S. restrictions,” Todd Rosenbluth, head of ETF and mutual fund research for CFRA, said via e-mail.
Source: Reuters #Dec05
https://mobile.reuters.com/article/amp/idUSKBN28F008
#FTSE #USSanction #Hikvision #China
Index provider FTSE Russell said they would delete shares of video security firm Hikvision and seven other Chinese companies from certain products after a U.S. order restricting purchase of their shares.
A spokesman for owner London Stock Exchange Group FTSE Russell said it acted on feedback from index subscribers and other stakeholders, and was following its policy when sanctions are imposed that restrict investments. He added that deletions from its FTSE Global Equity Index Series and several others would take effect on Dec. 21.
“We would expect all index providers to ultimately remove some Chinese securities in an effort to comply with the U.S. restrictions,” Todd Rosenbluth, head of ETF and mutual fund research for CFRA, said via e-mail.
Source: Reuters #Dec05
https://mobile.reuters.com/article/amp/idUSKBN28F008
#FTSE #USSanction #Hikvision #China
FTSE Russell to remove more China stocks from indexes over U.S. ban
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback on an updated U.S. executive order that bars U.S. investment in companies with alleged ties to China's military.
U.S. President Joe Biden signed the order on June 3 that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, replacing an earlier order under Donald Trump.
In a statement on its website, FTSE Russell said the additional Chinese companies will be deleted from its indexes on July 28.
Source: Reuters #Jul09
https://t.co/HwkXDdIFKd
#FTSE #Russell #China #US #JoeBiden
Global index publisher FTSE Russell said it will delete a further 20 Chinese companies from its indexes after user feedback on an updated U.S. executive order that bars U.S. investment in companies with alleged ties to China's military.
U.S. President Joe Biden signed the order on June 3 that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, replacing an earlier order under Donald Trump.
In a statement on its website, FTSE Russell said the additional Chinese companies will be deleted from its indexes on July 28.
Source: Reuters #Jul09
https://t.co/HwkXDdIFKd
#FTSE #Russell #China #US #JoeBiden