India’s weight on key MSCI equity index rises to record high; $3 bln inflows likely

India’s weight on the MSCI Global Standard index, which tracks emerging market stocks, has risen to another record high, which is likely to attract inflows of about $3 billion into its equity markets.

India has further narrowed the gap with China on the key MSCI index. While China’s weightage on the index will fall to 24.2% from 24.8%, India’s weight will rise to 19.8% from 19.2%, according to Abhilash Pagaria, head of Nuvama Alternative and Quantitative Research.

Source: REUTER