MSCI To Revamp Global Indexes With 98 Changes
MSCI will revise its ACWI equity index by adding 42 securities and removing 56, with the changes set to take effect after market close on 26 August, the index provider announced on Thursday.
Among the additions to the developed markets index are Rocket Lab, SoFi Technologies and Affirm Holdings, three US-based firms that are the largest by market capitalisation in this round of inclusions.
In the emerging markets category, China Citic Bank, Dian Swastatika Sentosa and Laopu Gold will be the top additions to the MSCI Emerging Markets Index.
MSCI reported that, as of the end of 2024, nearly US$17 trillion in assets were benchmarked to its indexes. Additionally, around US$2 trillion in equity exchange-traded funds were linked to MSCI benchmarks as of June this year.
The changes come amid ongoing market recalibrations. The current country weightings in the emerging markets index, as of July 31, are led by China at 29.2%, followed by Taiwan at 19.5%, India at 16.9% and South Korea at 11%.
