MSCI excludes Brics in new emerging markets index

EM Beyond Bric Index tracks 17 countries, but no Brazil, Russia, India or China; S&P Dow Jones Indices launches commodities indexes; Nasdaq OMX to add more than 200 indexes after re-evaluation; Arca Gold Miners index to include non-US-listed companies


MSCI has launched the EM Beyond Bric Index, which is a subset of the MSCI Emerging Markets Index. The EM Beyond Bric consists of constituents from 17 countries, ranging from Hungary, with the smallest weighting of 0.5%, to South Africa, with the largest weighting of 15.78%. Others include Colombia, Peru, Korea and Thailand. The index excludes Brazil, Russia, India and China, which make up more than 40% of the MSCI Emerging Markets Index.  

S&P Dow Jones Indices has launched two commodities indexes: the S&P GSCI All Metals 3 Month Forward and the S&P GSCI All Metals 3 Month Forward Capped Component. The indexes track the precious and industrial metals commodities markets while aiming to use negative roll yield in times of contango. The metals weighting is in proportion to the weightings derived from the S&P GSCI methodology. The capped component version limits weightings according to the European Sales and Marketing Association Ucits guidelines. 

Nasdaq OMX is set to launch 228 additional indexes as a result of its semi-annual evaluation of the Nasdaq Global Indexes. Themes include Belgian basic materials, Danish consumer goods, Greek mid-cap companies, Norwegian consumer goods, Australian telecommunications and South African technology, with all indexes listed in a range of currencies and regions, including Australia, Britain, Europe, Japan and the US. 

NYSE Euronext has announced that its Arca Gold Miners Index will include non-US listed companies for the first time. As of September 23, the requirement for constituent companies will be a minimum market capitalisation of $750 million.

FTSE has added 30 companies to the FTSE4Good Index series as a result of its semi-annual review. Most of the new constituents are based in the US, with five coming from the UK. The FTSE4Good series is aimed at investors that want to take account of environmental, social and governance factors in their investments. 

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