EME Strategy: MSCI May 2019 SAIR – global wrap-up
Yesterday (13 May), after the market closed, MSCI announced the results of its Semi-Annual Index Review (SAIR), with the changes effective from the 28 May close/29 May opening. Along with the index review, two market reclassifications will take place, i.e., Argentina and Saudi Arabia (I stage; the II stage is due at the August index review) will be added to the MSCI EM index. Moreover, Chinese A-shares will have their inclusion factors increased by 5ppts (the next two increases of inclusion factors, by 5ppts each, are scheduled for the August and November index reviews). Based on the announced weights changes in the MSCI EM index, we expect that the EME region may face total outflows of c.USD 5.8bn in the following May index review, out of which c.USD 1.3bn passive and USD 4.5bn active.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.