您现在的位置是:weatherly funeral home in york alabama > Focus
【gluv it】UPDATE 1-MSCI to quadruple weighting of China A-shares in its global benchmarks
weatherly funeral home in york alabama2024-09-29 12:20:29【Focus】7人已围观
简介(Corrects the number of process steps to 3 from 2 in paragraph 3)By Rodrigo Campos and Samuel ShenNE gluv it
(Corrects the number of process steps to 3 from 2 in paragraph 3)
By Rodrigo Campos and Samuel Shen
NEW YORK/SHANGHAI,gluv it Feb 28 (Reuters) - Global index provider MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks later this year, it said on Thursday, potentially drawing more than $80 billion of fresh foreign inflows to the world's second-biggest economy.
MSCI also announced that it will add Chinese mid-cap stocks to its emerging market benchmark in November, boosting the number of Chinese constituents.
In a statement on its website, MSCI said it will increase the inclusion factor of Chinese large-cap stocks to 20 percent from the current 5 percent in three steps, in May, August and November this year.
On completion of this three-step implementation, the weighting of Chinese stocks in the MSCI Emerging Market Index will jump to 3.3 percent, from roughly 0.7 percent currently.
The announcement could add fuel to a stock market that has jumped over 20 percent this year, partly on hopes that Beijing and Washington will soon reach a deal to resolve their trade dispute.
Rival index publisher FTSE Russell and S&P Dow Jones Indices will both start adding yuan-denominated Chinese shares to their global benchmarks this year as Beijing steps up efforts to integrate China’s capital markets into the global financial system.
Fang Xinghai, deputy head of China's securities regulator, predicted foreign capital inflows to Chinese stocks this year will double to about 600 billion yuan ($89.76 billion).
MSCI said it will add Chinese A Mid-Cap shares, including eligible ChiNext shares, with a 20 percent inclusion factor, to the MSCI indexes in November.
After implementation, the MSCI Emerging Markets Index will include 253 large-cap and 168 mid-cap China A-shares, representing a weight of 3.3 percent in the pro-forma index.
Brendan Ahern, chief investment officer at Krane Funds Advisors in New York, which manages the KraneShares Bosera MSCI China A ETF, said: "I am almost crying. We have built the (ETF) in anticipation of this event. We anticipated that this inclusion would take place and built an ETF vehicle that investors could proactively take advantage of."
KBA is up 24.6 percent so far this year. (Editing by Jennifer Ablan and Dan Grebler)
View comments
很赞哦!(28)
相关文章
- Recap: Mallinckrodt Q1 Earnings
- What To Know Before Buying Canadian Tire Corporation, Limited (TSE:CTC.A) For Its Dividend
- Braving dangerous waters, Iranians seek a better life in Britain
- Bitcoin Cash – ABC, Litecoin and Ripple Daily Analysis – 01/01/19
- Argentina teeters on the brink of ninth default
- Twitch's Top Streamer Made $10 Million in 2018
- Should You Be Impressed By Class Limited's (ASX:CL1) ROE?
- Evaluating TIL Enviro Limited’s (HKG:1790) Investments In Its Business
- Bellerophon Provides Clinical Program Update and Reports Third Quarter 2020 Financial Results
- Alex Jones Tells Joe Rogan: George Soros Offered Me $5 Million to Pump Bitcoin
热门文章
站长推荐
Earnings Preview: Diodes (DIOD) Q3 Earnings Expected to Decline
Traders: Bitcoin Trend Looking Ugly, Why a Slow Drop Below $3,000 is Expected
Does Xanadu Mines Limited (ASX:XAM) Have A Particularly Volatile Share Price?
Bank of Montreal (BMO) Upgraded to Strong Buy: Here's Why
TUI Will Cut Budgets, Freeze Hiring to Deal With Coronavirus Spread
At US$69.43, Is It Time To Put YY Inc. (NASDAQ:YY) On Your Watch List?
GCs Are Offering Work on a Silver Platter—and Law Firms Aren't Taking It
Trump expects second Kim meeting in 'not-too-distant future'
友情链接
- Grocery shopping tips for avoiding coronavirus
- REFILE-Taiwan scrambles diplomats to keep flights going amid China virus inclusion
- Russia asks for ships disinfection from Iran, Italy and South Korea in Novorossiisk - document
- ETFs Ways to Tap the Rise in Silver Price
- Pacific Empire Announces Engagement of OreQuest Consultants as Technical Advisors and the Sale of Shares of Nova Royalty Corp. for Proceeds of Approximately C$644,795
- What Does BNP Paribas Know That the Markets Don't?
- Have Insiders Been Buying IKONICS Corporation (NASDAQ:IKNX) Shares?
- Are Investors Undervaluing American Outdoor Brands (AOBC) Right Now?
- Is There Now An Opportunity In Sotherly Hotels Inc. (NASDAQ:SOHO)?
- Manufacturing data helps lift stocks, U.S. dollar bounces