Russia’s Dismissal From MSCI Gauge Favors Brazil the Most
- Korea and India also rank as top beneficiaries of rebalance
- MSCI dropped Russian shares from key benchmarks after invasion
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Brazil is coming out ahead after Russia was torn from one of the world’s most widely followed emerging-market equity gauges.
The largest Latin American economy was the biggest winner of the exclusion of Russian securities from the MSCI Emerging Markets Index in response to President Vladimir Putin’s invasion of Ukraine. Brazilian stocks accounted for 5.93% of the benchmark as April began, a 1.3 percentage-point increase from the end of January, according to MSCI Inc. data.