Today, Invesco Indexing’s consultation on the treatment of Russian securities in Invesco equity and fixed income indexes ended. As previously announced, Invesco Indexing sought stakeholder feedback, including such considerations as the extent and timing of any potential special treatment of these securities. We appreciate the quick and thoughtful feedback to the consultation from all stakeholders. Invesco Indexing’s conclusions for the treatment of Russian equity securities is included below. The conclusions for the treatment of Russian fixed income securities will follow in the near future in a separate communication.
Invesco Indexing is designating Russia as ineligible for membership in the Invesco Indexing Investable Universe. This change will be effective after the close of business Wednesday, March 9, 2022. This means that all Russian securities that are current constituents of any Invesco Indexing equity index will be deleted at that time. Furthermore, those securities will be removed from their respective indexes at a price of zero.
Per our country review process, the next scheduled time to review country eligibility systematically – including that of Russia – is December 2022 with an effective date of any changes in June 2023. However, we are closely monitoring the situation between Russia and the Ukraine and will be prepared to consider changes outside of that cycle should conditions warrant.
For any questions, please reach out to a member of the client engagement team at IndexSupport@invesco.com.