The MSCI Global Standard index shared a list of stocks that shall be included and excluded effective September 1, 2023.How many stocks are going to be added to the index?

Solution

The MSCI Global Standard index shared a list of stocks that shall be included and excluded effective September 1, 2023. Around eight stocks will be made an entry to the index, which includes Power Finance Corporation (PFC), REC, HDFC Asset Management Company (AMC), IDFC First Bank, Astral, Cummins India, Supreme Industries, and Ashok Leyland.    Cement manufacturer ACC, however, will be excluded from the index, resulting in an outflow of $92 million.