EME Strategy: USD 0.6bn passive outflows from EME expected in August
Yesterday (7 August), after the market closed, the MSCI announced the results of the Quarterly Index Review (QIR). In line with our base-case scenario, there will be no changes in the EME region. However, along with the index review, the second stage of Saudi Arabia’s inclusion in the MSCI EM index and a 5ppts increase in the Chinese A-shares inclusion factor will take place. Moreover, there will be 10 stocks (nine from China and one from India) added to the MSCI EM index from the EME region. On the back of all these events, we expect passive outflows of USD 0.6bn from the EME region. The changes are effective from the 27 August close/28 August opening.
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.
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