Additions and Deletions
Index provider MSCI has announced changes to its widely tracked world and emerging markets indexes following a quarterly review. These changes will impact billions of dollars invested in exchange-traded funds that track MSCI indexes.
42 securities will be added, including US companies MicroStrategy, Pure Storage, and Emcor.
121 securities will be removed.
Canara Bank (India), Chandra Asri Pacific (Indonesia), and JSW Energy (India) will be the three largest additions.
Air Astana (Kazakhstan), Koncar Distributivni I (Croatia), and Digi Communications (Romania) will be the three largest additions.
Six securities will be added, including CITIC Pacific Special Steel, CNOOC, and Hangcha Group.
70 securities will be removed.
Foreign listings will become eligible starting from the November quarterly index review.
MSCI will resume review of these securities after improvements in liquidity and foreign exchange access.
Special treatment will remain due to accessibility issues.
These changes will take effect at market close on May 31, 2023.