Advertisment

I-flex reaches Morgan Stanley's Standard Index

author-image
CIOL Bureau
New Update

LONDON: Index compiler Morgan Stanley Capital International said it has added six new stocks to its Standard Index Series, including Univision Communications of the United States and Italy's Autostrade.

Advertisment

MSCI, whose indexes are tracked across the world by fund managers, announced the changes as part of its quarterly and semi-annual review of various indexes.

All the changes announced will become effective after close of trading on November 28.

Details of the changes can be found on www.msci.com

Advertisment

Other additions to the Standard Index are Angiotech Pharmaceuticals of Canada, i-flex solutions of India, Indonesia's Bank Danamon, and CP Seven Eleven of Thailand.

In addition, the local shares of Shin Corp of Thailand, and National Finance of Thailand will replace the foreign shares in the MSCI Thailand Index.

MSCI said the free float estimates - the number of shares available for investors to buy - were recalculated for 34 securities in 17 countries in the Standard Index series.

Advertisment

MSCI said there were no changes to its Pan Euro and Euro Indices, though there were some changes to free float estimates.

U.S. INDEX

MSCI said 57 securities will be added to the US Investable Market 2500 Index and 17 securities will be deleted.

Advertisment

PG&E Corp will be added to the MSCI US Large Cap 300 index, with one unnamed security deleted.

Six securities will be added to the MSCI Mid Cap 450 Index: El Paso Corp, Providian Financial Corp, Coventry Health Care, Humana, Maxtor Corp, Kmart Holding Corp.

Some 57 securities will be added to MSCI's US Small Cap 1750 Index: MEMC Electronic Materials, Endurance Specialty Holdings, American Financial Realty Trust, Dade Behring Holdings, and Provident Financial Services.

MSCI also announced changes to its Small Cap Index series.

© Reuters

tech-news