On 21st May, 2021, stock market indices provider, FTSE Russell, announced the inclusion of PAO Sovcomflot (SCF) shares in the mid-cap section of FTSE Global Equity Index.
All of the changes are to be effective on 21st June, 2021, SCF said.
FTSE global index is comprised of more than 10,000 large, medium and small cap company shares in developed and emerging markets worldwide.
In addition, another index provider, MSCI, recently announced that SCF’s shares were included in MSCI Russia Small Cap index as of 27th May, 2021.
VTB Capital strategy team estimated the total inflow of funds into SCF shares at around $20 mill following the two listings.
Currently, SCF shares are traded in the Moscow Exchange Small and Medium Cap Companies Index (MCXSM), Moscow Exchange Broad Market Index (MOEXBMI), Moscow Exchange Transportation Sector Companies Index (MOEXTN), RTS Small and Medium Cap Companies Index (RTSSM), RTS Broad Market Index (RUBMI) and RTS Transportation Sector Companies Index (RTSTN).