By Rodrigo Campos
MSCI said on Thursday it will add 42 securities and delete 56 from its widely followed ACWI equity index EURONEXT:IACWI.
The three largest companies by market capitalization to be added to the developed markets index (.WORLD) are Rocket Lab NASDAQ:RKLB, SoFi Technologies NASDAQ:SOFI and Affirm Holdings NASDAQ:AFRM, all headquartered in the United States.
The three largest companies to be added to the emerging markets index CBOE:EFS are China Citic Bank SSE:601998, Dian Swastatika Sentosa IDX:DSSA and Laopu Gold HKEX:6181.
All changes will be made as of the close of August 26, MSCI said.
Nearly $17 trillion in assets were benchmarked to MSCI indexes at the end of 2024, according to its website. As of last June, there were $2 trillion in equity ETFs linked to its indexes.
As of July 31, the largest country weights in the emerging markets index were China with 29.2%, Taiwan with 19.5%, India with 16.9% and South Korea with 11%.