By Reuters Staff
1 Min Read
SHANGHAI (Reuters) - Global index publisher FTSE Russell said on Friday it will delete Luokung Technology Corp’s N shares from its global indexes, in line with a U.S. executive order from former president Donald Trump.
Luokung’s shares will be deleted from the FTSE Global Total Cap and Micro Cap indexes effective on March 12, subject to further guidance from the U.S. Office of Foreign Assets Control, it said in a statement, citing the U.S. order.
In the same statement, FTSE Russell said the proposed addition of Advanced Micro-Fabrication Equipment to its global and China indexes would “not proceed as previously announced.”
When Investing Abroad, Focus on the Fundamentals March 5, 2021
With fear of inflation and rising Treasury yields, investors are backing off equities, which could also lead to pullbacks overseas. Investors don’t have to shy away from emerging markets (EM) by re-focusing on fundamentals with funds like the
PXH seeks to track the investment results of the FTSE RAFITM Emerging Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index.
The underlying index is is comprised of securities of companies located in countries that are classified as emerging markets within the country classification definition of FTSE. The underlying index includes securities of companies selected from the constituents of the FTSE Emerging Total Cap Index.