MSCI (MSCI) Tops Q3 EPS by 5c, Revenues Miss

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Go back to MSCI (MSCI) Tops Q3 EPS by 5c, Revenues Miss

MSCI indexes will not restrict stocks that deny shareholders a vote

October 30, 2018 5:49 PM EDT

By Trevor Hunnicutt

NEW YORK (Reuters) - Index provider MSCI Inc (NYSE: MSCI) said on Tuesday it would allow companies that give shareholders unequal voting rights to remain on its current equity indexes, backing down from an earlier proposal that would have reduced exposure to such companies.

But MSCI, whose indexes guide hundreds of billions of dollars in assets, said it would launch a new set of indexes that could give investors a choice to avoid companies based on voting rights next year.

A decision to restrict companies in its... More