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MSCI Inc. announced the results of its November 2021 Semi-Annual Index Review, effective after close on November 30, 2021. The review includes significant changes across various equity indexes including the MSCI Global Standard Index, Global Small Cap, and Frontier Markets Indexes. A total of 111 additions and 105 deletions will occur in the ACWI Index. Furthermore, Argentina will be reclassified to Standalone Market status. Key additions include Coinbase, Affirm Holdings, and others, while notable deletions will be communicated via the Index Review webpage.
Positive
111 additions to the MSCI ACWI Index.
Significant adjustments in other indexes, indicating robust market activity.
Key companies such as Coinbase and Affirm being added could enhance index attractiveness.
Negative
105 deletions from the MSCI ACWI Index could indicate potential losses for current investors.
Argentina's reclassification to Standalone Market may reduce its investment appeal.
LONDON--(BUSINESS WIRE)--
MSCI Inc. (NYSE:MSCI), a leading provider of research-based indexes and analytics, announced the results of the November 2021 Semi-Annual Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore Indexes and the MSCI China All Shares Indexes. All changes will be implemented as of the close of November 30, 2021. These changes have been posted on the Index Review web page on MSCI's web site at https://www.msci.com/index-review.
MSCI Global Standard Indexes: One hundred eleven securities will be added to and 105 securities will be deleted from the MSCI ACWI Index. The three largest additions to the MSCI World Index measured by full company market capitalization will be Investor A (Sweden), Coinbase Global A (USA) and Affirm Holdings A (USA). The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalization will be Hoshine Silicon A (Hk-C) (China), CRRC Corp H (China) and Krafton (Korea).
MSCI will reclassify Argentina from Emerging Market to Standalone Market status in one step coinciding with this Index Review.
MSCI Global Small Cap Indexes: There will be 513 additions to and 370 deletions from the MSCI ACWI Small Cap Index.
MSCI Global Investable Market Indexes: There will be 523 additions to and 374 deletions from the MSCI ACWI Investable Market Index (IMI).
MSCI Global All Cap Indexes: There will be 525 additions to and 75 deletions from the MSCI World All Cap Index.
MSCI Frontier Markets Indexes: There will be nine additions to and four deletions from the MSCI Frontier Markets Index. The three largest additions to the MSCI Frontier Markets Index measured by full company market capitalization will be Phat Dat Real Estate (Vietnam), Islandsbanki (Iceland) and Expolanka Holdings (Sri Lanka). There will be 36 additions to and twelve deletions from the MSCI Frontier Markets Small Cap Index.
As previously announced, the MSCI Pakistan Indexes will be reclassified from Emerging Markets to Frontier Markets in one step coinciding with this Index Review. Three Pakistani securities will be added to the MSCI Frontier Markets Index at an aggregate weight of 1.25%.
In light of currently observed market accessibility issues, MSCI will not implement changes as part of this Index Review for the MSCI Nigeria Indexes or impacted composite indexes.
MSCI Global Islamic Indexes: Sixty-seven securities will be added to and 50 securities will be deleted from the MSCI ACWI Islamic Index. The three largest additions to the MSCI ACWI Islamic Index measured by full company market capitalization will be Samsung Electronics Pref (Korea), Samsung Electronics Co (Korea) and Merck & Co (USA). There will be four additions to and two deletions from the MSCI Gulf Cooperation Council (GCC) Countries ex Saudi Arabia IMI Islamic Index.
MSCI US Equity Indexes: There will be eleven securities added to and twelve securities deleted from the MSCI US Large Cap 300 Index. The three largest additions to the MSCI US Large Cap 300 Index measured by full company market capitalization will be Airbnb A, Doordash A and Coinbase Global A.
Twenty-six securities will be added to and 26 securities will be deleted from the MSCI US Mid Cap 450 Index. The three largest additions to the MSCI US Mid Cap 450 Index measured by full company market capitalization will be Upstart Holdings, Realty Income Corp and Consolidated Edison.
One hundred forty-one securities will be added to and 97 securities will be deleted from the MSCI US Small Cap 1750 Index. The three largest additions to the MSCI US Small Cap 1750 Index measured by full company market capitalization will be PVH Corp, Starwood Property Trust and American Campus Communities.
There will be 112 additions to and nine deletions from the MSCI US Micro Cap Index.
For the MSCI US Investable Market Value Index, there will be 135 additions or upward changes in Value Inclusion Factor (VIFs), and 128 deletions or downward changes in VIFs. For the MSCI US Investable Market Growth Index, there will be 199 additions or upward changes in Growth Inclusion Factors (GIFs), and 177 deletions or downward changes in GIFs.
MSCI US REIT Index: There will be four additions to and no deletions from the MSCI US REIT Index. The three largest additions to the MSCI US REIT Index will be Phillips Edison & Co, Corepoint Lodging and Plymouth Industrial REIT.
MSCI China A Onshore Indexes: There will be 53 additions to and 30 deletions from the MSCI China A Onshore Index. The three largest additions to the MSCI China A Onshore Index will be Hoshine Silicon Industry A, Shede Spirits Co A and Zangge Holding Co A. There will be 187 additions to and 156 deletions from the MSCI China A Onshore Small Cap Index.
MSCI China All Shares Indexes: There will be 68 additions to and 52 deletions from the MSCI China All Shares Index. The three largest additions to the MSCI China All Shares Index will be Hoshine Silicon Ind A, CRRC Corp H and China Coal Energy H. There will be 231 additions to and 235 deletions from the MSCI China All Shares Small Cap Index.
-Ends-
About MSCI
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.
The process for submitting a formal index complaint can be found on the index regulation page of MSCI’s website at: https://www.msci.com/index-regulation.
This document and all of the information contained in it, including without limitation all text, data, graphs, charts (collectively, the “Information”) is the property of MSCI Inc. or its subsidiaries (collectively, “MSCI”), or MSCI’s licensors, direct or indirect suppliers or any third party involved in making or compiling any Information (collectively, with MSCI, the “Information Providers”) and is provided for informational purposes only. The Information may not be modified, reverse-engineered, reproduced or redisseminated in whole or in part without prior written permission from MSCI. All rights in the Information are reserved by MSCI and/or its Information Providers.
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Index returns do not represent the results of actual trading of investible assets/securities. MSCI maintains and calculates indexes, but does not manage actual assets. Index returns do not reflect payment of any sales charges or fees an investor may pay to purchase the securities underlying the index or Index Linked Investments. The imposition of these fees and charges would cause the performance of an Index Linked Investment to be different than the MSCI index performance.
The Information may contain back tested data. Back-tested performance is not actual performance, but is hypothetical. There are frequently material differences between back tested performance results and actual results subsequently achieved by any investment strategy.
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FAQ
What were the key changes in the MSCI November 2021 Semi-Annual Index Review?
The review included 111 additions and 105 deletions to the MSCI ACWI Index and reclassified Argentina to Standalone Market status.
How many securities were added to the MSCI Global Small Cap Index in November 2021?
There were 513 additions to the MSCI Global Small Cap Index.
What significant companies were added to the MSCI Equity Indexes in November 2021?
Notable additions include Coinbase Global, Affirm Holdings, and Investor A.
What does the reclassification of Argentina mean for investors?
The reclassification to Standalone Market status may reduce Argentina's investment appeal for MSCI index users.
When will the changes from the MSCI November 2021 Index Review take effect?
The changes will be implemented as of the close of November 30, 2021.
