BlackRock has barred investors from buying any more Russian securities, adding that Russian securities now account for less than 0.01% of its clients’ assets.
The world's largest asset manager said yesterday (3 March) that it had "suspended the purchase of all Russian securities in [its] active and index funds" and added that the policy had come into effect on Monday. BlackRock said that it was also pushing index providers to remove Russian securities from broad-based benchmarks. Index providers FTSE Russell and MSCI already announced on 2 March that they were removing Russian equities from all their indexes. However, on Friday, a day after the Russian invasion of Ukraine began, BlackRock bought more shares in Polymetal, a Russian goldminer...
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