Russian stocks removed from
MSCI Emerging Market Index
To Our Valued Advisors –
On Monday, we reached out to assure you that exposure to Russian and Ukrainian stocks in investment portfolios managed by Hanlon was negligible, at less than 0.1% of our portfolio globally. The only exposure in Hanlon models comes indirectly via broad Emerging Market Index Funds and ETFs, which track Emerging Market Indices maintained by FTSE and MSCI. Within these Indices, Russia formerly represented a roughly 3% weighting. These large index providers have deemed the Russian markets “un-investable” considering the heavy sanctions that have been imposed, the collapse of the Russian Ruble, and the indefinite closure of the Moscow Stock Exchange. Please see the below news brief from Reuters. With this index update, Russian market exposure is zero across all Hanlon-managed accounts.
March 2 (Reuters) - FTSE Russell and MSCI are removing Russian equities from all their indexes, the equity index providers said on Wednesday.

FTSE Russell said the decision will be effective from March 7, while MSCI said its decision will be implemented in one step across all MSCI indexes as of the close on March 9.

MSCI also said it is reclassifying MSCI Russia Indexes from emerging markets to standalone markets status.
Hanlon Investment Management is an SEC registered investment adviser with its principal place of business in the State of New Jersey with offices at 3393 Bargaintown Rd., Egg Harbor Township, NJ 08234. Being a registered investment advisor does not imply any level of skill or training. Hanlon Investment Management and its representatives are in compliance with the current registration and notice filing requirement imposed upon registered investment advisers by those states in which Hanlon Investment Management maintains clients. Hanlon Investment Management may only transact business in those states in which it is notice filed, or qualifies for an exemption or exclusion from notice filing requirements. Any subsequent, direct communication by Hanlon Investment Management with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status, service and fees of Hanlon Investment Management, please contact Hanlon Investment Management or refer to the Investment Adviser Public Disclosure web site (
For additional information about Hanlon Investment Management, including fees and services, send for our disclosure statement as set forth on Form ADV from Hanlon Investment Management using the contact information herein. Please read the disclosure statement carefully before you invest or send money.

The contents of this message are confidential and only intended for the named recipient herein. This message should not be forward, transferred, copied or otherwise distributed to other users. Email is not a secure medium of communication and is subject to possible interception by unauthorized users; therefore, any reply to this message should not include additional identification information regarding the individual(s) and/or policy discussed herein.
3393 Bargaintown Road | Egg Harbor Township, NJ 08234
(888) 641-7100 |