MSCI Announces Results Of May 2010 Semi-Annual Index Review
May 11 2010 - 5:25PM
Dow Jones News
Index provider MSCI Inc. (MXB) Tuesday said it will include
Bangladesh stocks into its frontier markets measure and will create
a stand-alone country index for Bosnia-Herzegovina as part of the
firm's semi-annual index review.
MSCI also announced the addition of 42 securities and the
deletion of 45 across its global standard indexes. Included in the
reshuffling is the addition of Indonesia's Gudang Garam (GGRM.JK),
China's Lee & Man Paper Manufacturing Ltd. (2314.HK), and
India's Rural Electrification Corp. Ltd. (532955.BY) to the widely
tracked MSCI Emerging Markets Index.
Also, Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) will
be added to the MSCI World Index as part of the firm's
reclassification of Israel to developed market status. MSCI last
year announced that Israeli stocks would be taken out of
emerging-market indexes and upgraded to broader world indexes.
The announcement has implications for funds that are benchmarked
against MSCI's indexes as they will have to purchase the newly
added securities.
After giving more weight to Chinese equities in their last index
review in November, MSCI added 105 stocks to and removed four the
MSCI China A Index. Among the largest additions are Haitong
Securities Co. Ltd. (600837.SH) and Xinjiang Goldwind Science &
Technology Co. Ltd. (002202.SZ).
All changes will take effect May 27.
-By Kejal Vyas, Dow Jones Newswires; 212 416 2185;
kejal.vyas@dowjones.com
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