'Russian' shares (Evraz et al) to be removed from the FTSE?

soulsaver

What will happen to those collective funds, UK pensions etc that include the 'Russian' shares?

Is their investment going to be lost? And if so, surely it's lost to the benefit of Russia? 

Will they be able to be traded (sold) off the FTSE? How?

[Deleted User]

Hi,

have a look at this THREAD.

masonic

The shares in question have already suffered heavy falls. Funds will have little choice but to hold on to the carcasses of their holdings until such time as they can dispose of them. That means they will rise and fall as constituents of the portfolio as there are net inflows and outflows to the fund. NAVs will need to be calculated on the same basis as for portfolios that contain unquoted shares. They will likely be a very small percentage of the portfolio having fallen so far already. Think of it as Woodford-lite.

As to who benefits, I can't see how the shares changing hands or not in the short term makes much difference. If the companies survive, then it is likely trading will one day resume. If the companies go bust, then they won't be the first to do so, and the only winners in that scenario are the administrators who wind up the companies.