MSCI announces latest changes to U.S., China, emerging market indexes

November 14, 2016 6:21 PM EST

A woman walks past a panel displaying stock indices of Hong Kong, U.S. and China markets, outside a bank in Hong Kong June 7, 2016. REUTERS/Bobby Yip/File Photo


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(Reuters) - U.S. index provider MSCI announced changes to a number of its index funds on Monday, adding 55 securities and removing 34 from its World Index <.MIWD00000PUS>.

The three largest additions measured by full company market capitalization will be Denmark's Dong Energy , the United States' First Data Corporation A and France's Dassault Aviation .

MSCI also announced changes to its emerging markets index <.MSCIEF> and added 44 new securities and deleted 3 from its China A index <.MICNA0000PUS>. The largest Chinese companies added were China Film Corporation A <600977.SS>, China Grand Automotive Services A <600297.SS> and Cultural Investment Holdings A <600715.SS>.

To its emerging markets index, MSCI added China Huarong Asset Management H <0993.HK>, Chinese ADR Weibo Corporation (NASDAQ: WB), and Brazil's Electrobras ON.

Updates were also announced to MSCI's frontier markets index, including the three largest: Sonatel (Senegal), Pampa Energia ADR (Argentina) (NYSE: PAM) and Bank Dhofar (Oman) .

The changes were part of quarterly adjustments MSCI makes to its indexes, which it says are tracked by $9.5 trillion in assets.

The index fund updates will be implemented at market close on Nov. 30.

(Reporting by Dion Rabouin; editing by Diane Craft)



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