Russian Stocks, Bonds Face Rising Risk of Ejection From Indexes
- MSCI says it’s closely monitoring investability for foreigners
- Russia may be removed from key bond index, Goldman Sachs says
This article is for subscribers only.
The mounting sanctions against Russia have increased the risk the nation’s stocks and bonds will be kicked out of major global benchmarks, effectively cutting them off from a big segment of the investment-fund industry.
MSCI Inc., a provider of major emerging-market indexes, is seeking feedback from market participants on the appropriate treatment of Russian equities, it said in a statement Monday. The Interncontinetal Exchange Inc. said it will remove debt issued by sanctioned Russian entities from its fixed-income indexes at a rebalancing exercise on March 31.