January 28, 2019

MSCI rejig of investment cap may trigger $1-b outflow from index

Emkay Global Financial Services expects a potential outflow of around $1 billion from MSCI India constituents following its proposed changes to foreign ownership investment limits.

Global provider of capital market indices, MSCI, has proposed changes to foreign ownership investment limits for India securities following the SEBI diktat on FII/FPI limits.

According to the broking firm, stocks such as L&T and ITC would be impacted the most. Once the changes are accepted, this will reduce India’s weight in the MSCI Emerging Market index by 0.23 percentage points to 8.55 per cent from 8.78 per cent.

Constituent stocks of the MSCI Market Index may get impacted, with the proposed...

Read more at https://www.thehindubusinessline.com/markets/proposed-rejig-of-msci-may-trigger-1-b-outflow-from-index/article26092103.ece

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