MSCI China Inclusion: The Road To $430 Billion In Inflows
Earlier this evening, MSCI (finally) gave China the thumbs up with regard to the inclusion of A shares in benchmark indices.
The yuan got a quick boost from the news and while we noted that "this might not be very momentous given the 'watered down' character of MSCI’s plan," it's nevertheless welcome news for Beijing who will take all the inflows they can get.
It's also worth noting that China’s locally-traded shares will comprise 0.7% of MSCI’s global EM gauge, with 222 companies includ