LONDON - MSCI Inc . (NYSE:MSCI), a leading provider of investment decision support tools, has released its February 2024 Index Review results, detailing changes across multiple global equity indexes. These updates will take effect at the close of February 29, 2024.
In the MSCI Global Standard Indexes, the MSCI ACWI Index will see 24 additions and 101 deletions. Notable additions to the MSCI World Index include Samsara A, Corebridge Financial, and Applovin Corp A from the United States. For the MSCI Emerging Markets Index, significant new entrants are Midea Group Co A from China, and Punjab National Bank and Union Bank Of India from India.
The MSCI Global Small Cap Indexes will incorporate 189 new securities and exclude 118. The MSCI ACWI Investable Market Index (IMI (LON:IMI)) will also undergo changes with 161 additions and 167 deletions. Additionally, the MSCI World All Cap Index will add 126 securities while removing 104.
Frontier Markets will see adjustments with nine securities joining the MSCI Frontier Markets Index and eleven being dropped. Leading additions by market capitalization include companies from Morocco, Slovenia, and Vietnam. The MSCI Frontier Markets Small Cap Index will add 41 constituents and delete 21.
Due to market accessibility concerns, no changes will be made to securities from Bangladesh, Egypt, or Kenya. Nigeria will be reclassified from Frontier to Standalone Market status, with Nigerian securities removed from the MSCI Frontier Markets Indexes at token prices.
The MSCI Global Islamic Indexes will add 29 securities and delete 31, with Servicenow, Mondelez (NASDAQ:MDLZ) International A, and Acwa Power Company being the top additions by market cap. The MSCI Gulf Cooperation Council (GCC) Countries ex Saudi Arabia IMI Islamic Index will see two additions and one deletion.
For the MSCI US Equity Indexes, the MSCI US Mid Cap 450 Index will add Enphase Energy (NASDAQ:ENPH), Affirm Holdings (NASDAQ:AFRM) A, and Karuna Therapeutics (NASDAQ:KRTX), among others. The MSCI US Small Cap 1750 Index will welcome Cable One, Hertz Global Holdings (OTC:HTZGQ), and Agilon Health.
The MSCI China A Onshore Indexes will add three and drop 74 securities, with significant additions including China Merchants Expressway Network (LON:NETW) Technology Holdings Co A. The MSCI China All Shares Indexes will also undergo changes, with four additions and 76 deletions, including Midea Group Co A as a notable new entrant.
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