24/11/2014 22:18:59 Free Membership Login

MSCI Quarterly Index Review for August 2013, Additions and Deletions for the Philippines

Let me save you some time from reading the press release below if you want to cut to the chase.  There seems to be no additions or deletions for the Philippine market, whether big caps or small caps index for the whole of MSCI’s recent rebalancing review released this morning, 5 a.m. +8GMT.

Edited: Only the additions and deletions are released to the public.  The existing stocks already in the index with reductions or additions of weighting are not released to the public, but only to subscribers.  According to news today:

“SM Investments closed at the lowest level since June 26. The company had among the biggest weighting cuts in a rebalancing of the MSCI emerging index, according to Societe Generale SA.”

 

MSCI Inc., a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, announced today the results of the August 2013 Quarterly Index Review for the MSCI Equity Indices – including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indices, as well as the MSCI Global Value and Growth Indices, the MSCI Frontier Markets and MSCI Frontier Markets Small Cap Indices, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indices, the MSCI Pan?Euro and MSCI Euro Indices, the MSCI Frontier Emerging Markets Indices, the MSCI US Equity Indices, the MSCI US REIT Index, as well as the MSCI China A Indices. All changes will be implemented as of the close of August 30, 2013. These changes have been posted in the Index Review section of the MSCI Size Indices web page on MSCI’s web site at:http://www.msci.com/products/indices/size/standard/index_review.html

This is also known as the Morgan Stanley Capital International Index.

MSCI Global Standard Indices: Seven securities will be added to and three securities will be deleted from the MSCI ACWI Index. There will be two additions to and one deletion from the MSCI World Index. The additions are Tesla Motors (US) and Michael Kors Holdings (US). Of the five additions to the MSCI Emerging Markets Index, the three largest additions measured by full company market capitalization are Mediclinic International (South Africa), Matahari Department (Indonesia) and Mahindra & Mahindra Financial Services (India). There will be two deletions from the MSCI Emerging Markets Index.

MSCI Global Small Cap Indices: There will be three additions to and ten deletions from the MSCI ACWI Small Cap Index.

MSCI Global Investable Market Indices: There will be three additions to and six deletions from the MSCI ACWI IMI.

MSCI Global All Cap Indices: There will be three additions to and six deletions from the MSCI World All Cap Index.

MSCI Global Value and Growth Indices: At the August 2013 Quarterly Index Review, Michael Kors Holdings (US) and Matahari Department (Indonesia) will be added to the MSCI ACWI Value Index and the MSCI ACWI Growth Index, each with a Value Inclusion Factor of 0.5 and a Growth Inclusion Factor of 0.5. There will be no other additions to the MSCI ACWI Value Index, while Tesla Motors (US), Mediclinic International (South Africa) and Estacio Participacoes ON (Brazil) will be the three largest additions to the MSCI ACWI Growth Index.

MSCI Frontier Markets Indices: There will be one addition to and no deletions from the MSCI Frontier Markets Index. The addition to the MSCI Frontier Markets Index is Habib Bank (Pakistan).

There will be no additions to or deletions from the MSCI Frontier Markets Small Cap Index.

MSCI Frontier Emerging Markets Index: There will be no changes in the country composition of the MSCI Frontier Emerging Markets Index, as part of the MSCI Frontier Emerging Markets Index Annual Country Review, coinciding with the August 2013 Quarterly Index Review.

MSCI Global Islamic Indices: Thirty one securities will be added to and 27 securities will be deleted from the MSCI ACWI Islamic Index. The three largest additions to the MSCI ACWI Islamic Index are Hennes & Mauritz B (Sweden), Continental (Germany) and British Land Co (UK). There are three additions to and no deletions from the MSCI Gulf Cooperation Council (GCC) Countries ex Saudi Arabia IMI Islamic Index.

MSCI US Equity Indices: There will be one security added to and no securities deleted from the MSCI US Large Cap 300 Index. The addition to the MSCI US Large Cap 300 Index is Pioneer Natural Resources.

No securities will be added to and three securities will be deleted from the MSCI US Mid Cap 450 Index. The three deletions from the MSCI US Mid Cap 450 Index are Pioneer Natural Resources, McDermott International and Verifone Systems.

Two securities will be added to and no securities will be deleted from the MSCI US Small Cap 1750 Index. The two additions to the MSCI US Small Cap 1750 Index are McDermott International and Verifone Systems.

There will be no additions to or deletions from the MSCI US Micro Cap Index.

For the MSCI US Investable Market Value Index, there will be one addition and no deletions. There are also no downward changes in Value Inclusion Factors. For the MSCI US Investable Market Growth Index, there will be no additions or upward changes in Value Inclusion Factors and one downward change in Growth Inclusion Factors.

MSCI US REIT Index: There will be no additions to or deletions from the MSCI US REIT Index.

MSCI China A Indices: There will be three additions to and two deletions from the MSCI China A Index. The three additions to the MSCI China A Index are China Minmetals Rare A, Guangdong Advertising A and Fujian Longking Co A. There will be two additions to and three deletions from the MSCI China A Small Cap Index.

The results of the August 2013 Quarterly Index Review of the MSCI Pan?Euro and MSCI Euro Indices and the MSCI Global Islamic Small Cap Indices have also been posted on MSCI’s web site at www.msci.com

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