MSCI to add Chinese firms incl. Tianqi Lithium to ACWI index

 

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Index provider MSCI said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review.

The three largest additions to the emerging markets index will be Tianqi Lithium A, Qinghai Salt Lake Industry A, and Beijing Tongrentang A.

In addition, the three largest additions to the MSCI world index by market capitalization will be Carlisle Cos Inc Texas Pacific Land Corp and Gaming And Leisure Properties Inc , all US-based, MSCI said.

The MSCI ACWI index included nearly 2,900 components from 47 developed and emerging markets as of the end of last month, according to its fact sheet. The EM index had 1,380 constituents as of end-July, with China its largest country weight at 32% followed by Taiwan, India and South Korea.

All changes will be effective as of the close on Aug. 31, MSCI said.