FDC has just approved an update of its exclusion list.
Observations and changes with regard to the previous exclusion list dated June 2022:
- following 27 companies have been added to the exclusion list: Adani Wilmar Ltd, ATI Physical Therapy Inc, Baidu Inc, CCC Intelligent Solutions Holdings Inc., China Literature Ltd, CI&T Inc, Definitive Healthcare Corp, Dufry AG, Eureka Forbes Ltd, First Watch Restaurant Group Inc, Hanwha Systems Co Ltd, InPost SA, iQIYI Inc, Jacobs Solutions Inc, NCS Multistage Holdings Inc, NuScale Power Corp, Olaplex Holdings Inc, Satrec Initiative Co Ltd, Sovos Brands Inc, Steel Authority of India Ltd, Tencent Holdings Ltd, Tencent Music Entertainment Group, The Second Generation Co of the Wholesale Power Market PJSC, VK Co Ltd, Weibo Corp, Xinjiang Zhongtai Chemical Co Ltd and Yixin Group Ltd.
- following 3 companies have lost their exclusion status but remain under observation: Adani Ports & Special Economic Zone Ltd, Toshiba Corp and UPL Limited.
- following 5 companies have lost their exclusion status: CNIM Group SA, Hanwha Life Insurance Co Ltd, Hanwha Solutions Corp, InnoWireless Co Ltd and ManTech International Corp.
- following 3 companies were removed from the exlusion list due to corporate actions: Alrosa-Nyurba PJSC (company reclassified as private company), Jacobs Engineering Group Inc (company reclassified as private company) and Ultra Electronic Holdings Plc (company taken over by the private company Cobham Ltd).
Thus, 153 companies are currently excluded and ineligible for investment.