The recent activities of asset manager RFG Advisory LLC highlight the versatility of the MSCI (Morgan Stanley Capital International) stock indices. In a multi-pronged manoeuvre, RFG Advisory sold thousands of shares in iShares MSCI USA Min Vol Factor ETF and Fidelity MSCI Energy Index ETF, while increasing its holdings in Fidelity MSCI Health Care Index ETF and iShares MSCI Japan ETF.
Despite some concerns about the fragility of US stocks, a rise in India's weighting on key MSCI index is signaling a bullish trend for India's equity market. Analysts from Nuvama predict this adjustment could fuel as much as $2 billion inflows into India's stocks. Meanwhile, MSCI's Q1 revenue fell short of estimates due to subscription cancellations.
There were also a few potentially bearish indicators for MSCI. Over exclusions, it faced subscriptions cancellations which in turn affected its Q1 revenue. Furthermore, amidst a stock market slump in China, MSCI removed dozens of companies from its Chinese benchmark.
Notably, it was also reported that MSCI had added Bitcoin-proxy MicroStrategy, amongst other companies, to its indices, signaling growing recognition for cryptocurrency-invested businesses.
Msci Stocks MSCI News Analytics from Wed, 09 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 11:52:00 GMT - Rating 0 - Innovation 0 - Information 3 - Rumor 0