EDUCATION SERIES
ASSET MANAGEMENT
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.
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