MSCI boosts China, adds Saudi Arabia to indices - News Summed Up

MSCI boosts China, adds Saudi Arabia to indices


BloombergTwenty-six China A shares are to be added to the MSCI China Index, while 30 equities from Saudi Arabia and eight Argentine securities are set to join the MSCI Inc’s emerging-market stocks benchmarks, in steps that could potentially draw billions of dollars of investor inflows. MSCI said the stocks are to join its indices as of the close of trading on May 28. Argentina is to account for 0.26 percent of the MSCI Emerging Markets index, while Saudi Arabia would have a 1.42 percent weighting. China A shares are to have a 1.76 percent weighting in the broad developing-nation gauge, it said. Recent volatility in Chinese shares would not have an impact on MSCI’s plans to raise the weighting of large-caps this year, MSCI director of China research Zhen Wei (魏震) said.


Source: Taipei Times May 14, 2019 15:56 UTC



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