Saturday, August 16, 2014

FTSE left VTB and “Savings” in their indexes – RBC Ukraine

FTSE left VTB and "Savings" in their indexes – RBC Ukraine



expects stocks of the FTSE, after consultation with the investors decided to leave fallen under Western sanctions banks, VTB and the “Savings Bank” in their indexes, reports Reuters.

The decision was made due to the fact that both credit institutions are not going to carry out an additional issue of shares and sell them on the secondary market. VTB and the “Savings Bank” will not be excluded from the index FTSE, the most famous of which is the index of the London Stock Exchange FTSE100, as long as the banks do not announce the release of new shares.

In case the Bank announced issue of new shares, FTSE said it will remove these credit institutions from their indices for 40 trading days.

9 August it became known that the provider will maintain the MSCI stock shares “Savings Bank” and VTB in their indexes. Then MSCI announced that he would leave in the MSCI Russia index paper “Rosneft” and global depositary receipts of “Novatek”, since the United States sanctions against those companies spread only on their debt obligations.

At the end of July There are reports that the S & amp; P Dow Jones Indicies may exclude Russian companies of its global indices. “If the situation will become more complex, leading to a tightening of sanctions or other significant changes in the markets in any of these countries, S & amp; P DJI will start to consult with clients on the exclusion of companies from these countries of their global indices,” – said in a statement.


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