MSCI May Rebalancing Review - Moderate Weight Cut for Russia
Last night, MSCI released the results of its May semiannual rebalancing, as scheduled. The changes come into effect after the close on May 28. Russia's market cap threshold came in line with expectations at $3.25 bln, meaning no inclusions or exclusions. With all the changes to Russian companies, MSCI's adoption of Saudi Arabia and Argentina into the EM benchmark, and the expansion of the weight of Chinese A-shares, Russia's pro forma weight in the MSCI EM has declined from 3.86% to 3.61%, which can be expected to trigger minimum passive outflow from Russia of some $270 mln on our numbers.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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