The IPA appreciates the decision of MSCI Inc. to keep Sberbank and VTB shares in the MSCI Russia Index

10-08-2014
The Investor Protection Association (IPA) appreciates the well-balanced approach of MSCI Inc. accommodating the interests of all the parties concerned, in particular those of investment funds. The IPA hopes that other global index providers such as FTSE and S&P Dow Jones Indices will follow suit and defer to the IPA opinion on the Russian regulatory framework that allows to track any new equity issues of Russian companies in good time.

The IPA is hopeful that for such reputable companies, the ability to correctly assess reputation risks and to use good judgment will outweigh political and opportunistic reasons which, once given priority, would eventually harm investors’ interests severely. .
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