Conestoga Capital Advisors, a boutique, independent investment management firm, published its fourth-quarter 2020 ‘Small Cap Growth & SMid Cap Growth.
By Reuters Staff
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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.”
FTSE Russell to Drop Xiaomi, Luokung From Indexes on US Order; Scraps AMEC Inclusion
SHANGHAI Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by President Donald Trump.
The changes come after the Trump administration in January placed Xiaomi and eight other companies on a blacklist of firms with alleged ties to Chinese military, barring U.S. investors from holding their shares.
Xiaomi Corp is to be deleted from the Global All Cap and FTSE Global China A Inclusion indexes, along with Luokung Technology Corp’s N shares from the FTSE Global Total Cap and Micro Cap indexes, the index publisher said.
Global index publisher FTSE Russell will drop Xiaomi and another high-tech firm from global and Chinese indexes, it said on Friday, and scrap inclusion of a semiconductor firm, in line with a U.S. executive order by former President Donald Trump.