Index provider FTSE Russell will delete shares of video security firm Hikvision and seven other Chinese companies from certain products after a U.S. order restricting the purchase of their shares, it said on Dec. 4.
The move shows how a recent bid by the White House to give teeth to a blacklist of Chinese companies allegedly backed by China’s military could crimp U.S. investments in the country, often held in passive products built on broad indexes.
