MSCI Trims China’s Index Presence by Removing Dozens of Stocks
- Index provider to drop 60 companies from the MSCI Indexes
- The move may bring India, Taiwan closer to China’s weighting
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MSCI Inc. continues to cull China stocks from its indexes, setting the stage for a further drop in the nation’s share of a key emerging-market benchmark.
The index provider said it will remove 60 stocks from the MSCI China Index this month, following 56 deletions in May and 66 in February, the highest tally in at least two years. At the end of July, China represented 22.33% of the Emerging Markets gauge.