Outflows from Russia unlikely to benefit Asian markets

A version of this article was first published on FinanceAsia. Pressured to take a stance against Russia’s invasion of Ukraine last month, corporates and fund managers have stated their intention to pull investments from the market, with index providers, FTSE Russell and MSCI announcing last week that they would remove Russian stocks from their emerging market indexes. While Asia might seem an attractive destination for this newly available capital, no one country in the region i…