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"Following client feedback received during the Bloomberg 2023 Fixed Income Index Advisory Councils, Bloomberg Index Services is launching a consultation to solicit feedback on the proposed inclusion of the India fully accessible route bonds in Bloomberg Emerging Market (EM) Local Currency Index," a document accessed by ET read. ....
The Chinese stock market accounted for 23.77% of the MSCI Emerging Markets Index as of Dec. 31, according to Bloomberg calculations, while Goldman Sachs Group Inc. put the latest weight at 26.4%, citing FactSet data. Either way, this is the lowest since 2017, when the New York-based firm announced the addition of Chinas mainland stocks, so-called A shares, to the index. ....
With the addition of nine stocks on Friday, India s representation on the MSCI s Global Standard (Emerging Markets) index climbed to 16.27%, surpassing the earlier record set in October 2022 at 16.21%. Last month, India reclaimed the second position after displacing Taiwan. Currently, China has the highest weighting on the gauge - at 28%. ....
India is set to replace Taiwan as the second most-weighted emerging market in the MSCI EM Index due to its cushioned effect on a global trade slowdown by domestic consumption. This presents opportunities for foreign investment in Indian equities through higher allocations by passive funds. ....