May 15 (Reuters) – Index provider MSCI (MSCI.N), opens new tab will count U.S. bitcoin investor MicroStrategy among 42 additions to its widely tracked world index while more firms from India join its emerging markets index, following a quarterly review.
They are closely watched as billions of dollars invested in exchange-traded funds track MSCI indexes and they are used as a performance benchmark for fund managers.
In total, there are 42 securities to be added and 121 cut from the all-country world index (.MIWD00000PUS), opens new tab.
Traders are alert this time for possible disruption as the rebalance falls only a few days after the U.S. shortens its stock-trading settlement cycle from two days to one on May 28.
Elsewhere, India’s Canara Bank (CNBK.NS), opens new tab, Indonesian chemical firm Chandra Asri Pacific (TPIA.JK), opens new tab and Indian power generator JSW Energy (JSWE.NS), opens new tab will be the three largest additions to the MSCI emerging markets index.
The three largest additions to the frontier markets index will be Kazakhstan carrier Air Astana (AIRA.KZ), opens new tab, Croatia’s electrical-equipment maker Koncar Distributivni I (KODT.ZA), opens new tab and Romanian telco Digi Communications (DIGI.BX), opens new tab.
Source: REUTER
