MSCI Equity Indexes February 2025: HMIL Added, AGEL Excluded.
Index
In February 2025, the United States-based Morgan Stanley Capital International Incorporated (MSCI), a leading global service provider for the investment community, announced the MSCI Equity Indexes February 2025 Review.
- The review revealed that Gurugram (Haryana)-based Hyundai Motor India Limited (HMIL) has been added to the MSCI Emerging Markets (EM) Index and the MSCI India Domestic Index, while Ahmedabad (Gujarat)-based Adani Green Energy Limited (AGEL) has been removed from the index.
- These changes will be implemented around February 28, 2025, with effect from March 3, 2025. As a result, India's weight in the index rises to 19%, up from 18.8% in the previous review.
- Hyundai Motor is the only large-cap stock added to the list.
Main Point :- (i) United Airlines Holdings, Reddit A, and Natera Inc. (USA) will be the largest additions to the MSCI ACWI, with 23 securities added and 107 removed. Emaar Developments (UAE) and J&T Global Express Limited (China) will join the MSCI EM Index.
(ii) 20 Indian stocks, including Afcons Infrastructure, Ola Electric, and Cartrade Tech, have been added to the MSCI India Domestic Small Cap Index. Meanwhile, 17 Indian stocks, such as Bajaj Hindusthan Sugar, DCB Bank, and Sun Pharma Advanced, have been excluded. Additionally, 8 Indian stocks saw an increase in their weight, while 9 experienced a decrease.
(iii) The MSCI Emerging Markets Index tracks the performance of growing economies worldwide and includes large and mid-cap companies from 24 Emerging Markets (EM) countries. With 1,251 constituents, the index covers 85% of the free-float-adjusted market capitalization in each of these countries.
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