A Billion-Dollar MSCI Trade That Nobody Is Really Looking At
- Thailand may get up to $2.6 billion inflows, analysts say
- $6.5 billion in passive money tracks MSCI Thailand: Churchill
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As investors applaud the multi-billion dollar inflows poised to go to Chinese shares after MSCI Inc.’s benchmark index tweaks, they may have forgotten about the boost Thai stocks could get, which is arguably just as impactful.
MSCI proposed including non-voting depository receipts in its free-float calculations in January, which if approved, could trigger a net inflow between $1.5 billion and $2.6 billion to Thai equities, according to estimates from Churchill Capital Pte. and JPMorgan Chase & Co. The index provider will announce the results of the consultation on or before March 29.