FTSE Russell Opts Not to Add China’s Local Currency Shares to Indexes
The Wall Street Journal – KraneShares, Chief Investment Officer, Brendan Ahern, speaks to The Wall Street Journal about the future potential inclusion of China A-Share into global indexes. While global index provider, FTSE Russell, opted not to include A-shares during its annual index review, Brendan remains optimistic that competing index provider, MSCI, will move to include A-shares sooner rather than later. Brendan pointed out that MSCI has launched a series of illustrative indexes that highlight what the MSCI Emerging Markets Index will look like once A-shares are included. Brendan was quoted as saying, “the launch of these indexes and Chinese regulators’ continuation to adhere to areas that MSCI highlighted suggest that maybe the inclusion could happen sooner than the market anticipates.”Read more
The MSCI Emerging Markets Index captures large and mid cap representation across 23 Emerging Markets (EM) countries. With 834 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country.
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