News Formal

Canadian asset manager Purpose Investments divests of direct holdings of Russian companies

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

BlackRock, the world’s largest asset manager, suspends purchase of all Russian securities in its active and index funds

Canadian asset manager Purpose Investments said on Thursday it had divested all direct holdings of Russian companies as of Feb. 28 and pledged to stop new investments as long as Russia’s invasion continued.

BlackRock, the world’s largest asset manager, suspended the purchase of all Russian securities in its active and index funds on Monday, two executives said, in light of Russia’s invasion of Ukraine. BlackRock said earlier this week it was consulting with regulators, index providers, and other market participants to ensure its clients could exit their positions in Russian securities, where allowed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta investment agency to sell off Russian assetsIn response to the Russian invasion of Ukraine, Alberta Investment Management Corp. has started divesting all of its small measure of Russian holdings
Source: globeandmail - 🏆 5. / 92 Read more »