Treatment of Russia in Alerian S-Network Global Equity Indices | Your money

0

NEW YORK, March 03, 2022 (GLOBE NEWSWIRE) — Following consultation with the Alerian S-Network Index Committee, the Alerian S-Network Global Indices will remove all index components linked to Russia from all Alerian S-Network stock indices as of opening Monday, March 7, 2022.

In accordance with the “continuous maintenance” standard of the Alerian S-Network Global Indices, all index constituents related to Russia will be removed from the indices included in Appendix A from the opening on Monday, March 7, 2022.

Index constituents listed on the Moscow Stock Exchange (MOEX) and Russian Certificates of Deposit (ADR/GDR) will be removed at 0.01 local currency from the security effective Monday, March 7, 2022. (See Annex B)

All other index constituents linked to Russia, as defined by the Alerian S-Network Global Indices Classification System, will be removed at their official closing price on Friday, March 4, 2022. If the constituent is suspended from the trading on Friday March 4, 2022, it will be removed at 0.01 local currency of the security.

Due to the implementation of sanctions, VTB Bank (VTBR RM, VTBR LI) will be withdrawn at 0.01 local currency from the stock.

Following the removal of Russia-related index components from all indices, Russia-related index components will not be eligible for inclusion in any Alerian S-Network Global Equity indices until an additional timeline for re-inclusion is agreed with the Alerian S-Network Index Committee. .

Appendix A. Indexes Affected by Alerian S-Network

Appendix B. Deleted Russian-Related Titles

About Alerian S-Network Global Indices

Alerian is a leading independent index provider focused on building innovative index investment strategies. Alerian acquired S-Network Global Indexes in 2020, expanding the company’s index offerings and services to partners. Together, the company serves the global investment community through indexing, benchmarking and calculation services. Built on a foundation of data rigor and specialist research, the Alerian S-Network Global Indices offer a comprehensive family of energy, income and thematic indices. Today, the company has over $23 billion in total assets compared to its indices and over 200 clients worldwide.

Contact Alerian and S-Network Global Indexes: Robert Hughes, [email protected]

Copyright 2022 GlobeNewswire, Inc.

Share.

About Author

Comments are closed.