MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the August 2022 Quarterly Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes. All changes will be implemented as of the close of August 31, 2022. These changes have been posted on the Index Review web page on MSCI's web site at https://www.msci.com/index-review.
MSCI Global Standard Indexes: Thirteen securities will be added to and eight securities will be deleted from the MSCI ACWI Index. The three largest additions to the MSCI World Index measured by full company market capitalization will be Carlisle Companies Incorporated (USA), Texas Pacific Land Corporation (USA) and Gaming and Leisure Properties, Inc. (USA). The three largest additions to the MSCI Emerging Markets Index measured by full company market capitalization will be Tianqi Lithium A (Hk-C) (China), Qinghai Salt Lake Industry A (Hk-C) (China) and Beijing Tongrentang A (Hk-C) (China).
MSCI Global Small Cap Indexes: There will be seven additions to and eight deletions from the MSCI ACWI Small Cap Index.
MSCI Global Investable Market Indexes: There will be eight additions to and four deletions from the MSCI ACWI Investable Market Index (IMI).
MSCI Global All Cap Indexes: There will be no additions to and one deletion from the MSCI World All Cap Index.
MSCI Frontier Markets Indexes: There will be no additions to and no deletions from the MSCI Frontier Markets Index. There will be no additions to and no deletions from the MSCI Frontier Markets Small Cap Index.
In light of currently observed market accessibility issues, MSCI will not implement changes as part of this Index Review for any securities classified in Kenya, Nigeria, or Sri Lanka for the MSCI Kenya, MSCI Nigeria, and MSCI Sri Lanka Indexes or impacted composite indexes.
MSCI Global Islamic Indexes: Fifty-one securities will be added to and 31 securities will be deleted from the MSCI ACWI Islamic Index. The three largest additions to the MSCI ACWI Islamic Index measured by full company market capitalization will be Advanced Micro Devices (USA), Petrobras PN (Brazil) and Petrobras ON (Brazil). There will be two additions to and one deletion from the MSCI Gulf Cooperation Council (GCC) Countries ex Saudi Arabia IMI Islamic Index.
MSCI US Equity Indexes: There will be one security added to and one security deleted from the MSCI US Large Cap 300 Index. The largest addition to the MSCI US Large Cap 300 Index measured by full company market capitalization will be Realty Income Corporation.
Four securities will be added to and four securities will be deleted from the MSCI US Mid Cap 450 Index. The three largest additions to the MSCI US Mid Cap 450 Index measured by full company market capitalization will be Texas Pacific Land Corporation, Docusign, Inc. and Chesapeake Energy Corporation.
Three securities will be added to and three securities will be deleted from the MSCI US Small Cap 1750 Index. The three largest additions to the MSCI US Small Cap 1750 Index measured by full company market capitalization will be Carvana Co. A, Goodrx Holdings, Inc. A and Upstart Holdings, Inc.
There will be no additions to and no deletions from the MSCI US Micro Cap Index.
For the MSCI US Investable Market Value Index, there will be no additions or upward changes in Value Inclusion Factor (VIFs), and no deletions or downward changes in VIFs. For the MSCI US Investable Market Growth Index, there will be no additions or upward changes in Growth Inclusion Factors (GIFs), and no deletions or downward changes in GIFs.
MSCI US REIT Index: There will be no additions to and two deletions from the MSCI US REIT Index.
MSCI China A Onshore Indexes: There will be seven additions to and five deletions from the MSCI China A Onshore Index. The three largest additions to the MSCI China A Onshore Index will be Qinghai Salt Lake Industry A, Pylon Technologies Co A and Jiangsu Pacific Quartz A. There will be five additions to and nine deletions from the MSCI China A Onshore Small Cap Index.
MSCI China All Shares Indexes: There will be eight additions to and two deletions from the MSCI China All Shares Index. The three largest additions to the MSCI China All Shares Index will be Qinghai Salt Lake Industry A, Pylon Technologies Co A and Jiangsu Pacific Quartz A. There will be two additions to and 13 deletions from the MSCI China All Shares Small Cap Index.
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com.
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