BlackRock halts purchases of Russian securities in active and index funds

BlackRock Inc, the world's largest asset manager, said it had halted purchase of all Russian securities in its active and index funds as of Monday after Russia's invasion of Ukraine.
 

It has "proactively advocated" with "index providers to remove Russian securities from broad-based indices," Rich Kushel, head of the portfolio management group and Salim Ramji, global head of iShares and index investments, said in a joint statement on Thursday. Russian securities account for less than 0.01% of their clients' assets, they said.

Western sanctions on Moscow after it invaded Ukraine last week have prompted a wave of investors to announce they