MSCI Financial News

earnings season, which has turned out to be the worst one since early 2020 for India Inc, saw at least 36 BSE 500 companies reporting over 50% plunge in their quarterly profit on a year-on-year (YoY) basis. Analysts now warn that the market will eventually end up punishing bad news rather than ignoring them. Q2 saw auto and banks show some cracks in terms of growth and quality of earnings while weak consumption demand was evident in urban markets.

Subscribe to enjoy similar stories. Markets raised a toast to the thumping Maharashtra mandate, lifting stocks for a second straight day as bargain hunters returned. Benchmark indices extended Friday's gains to Monday, with the Nifty clocking the biggest two-day rise since early June.

equity indexes. This was the strongest one-day gain for the local currency since June 3, LSEG data showed. The rupee rose to 84.25 intraday, according to Reuters, but likely dollar absorption by the Reserve Bank of India put a cap on the appreciation, traders said.

HDFC Bank's stock soared as much as 3.2% on Monday, reaching a record high of Rs 1,801.90 on the BSE, driven by an anticipated increase in the heavyweight lender’s MSCI index weightage, which is projected to draw $1.9 billion in inflows. With the MSCI November 2024 index review coming into effect from Monday, the banking giant was in the spotlight as it underwent a weightage adjustment. This adjustment reflects the final tranche of a phased increase announced earlier this year, solidifying HDFC Bank's role as a key driver in the MSCI index realignment.

In the company's annual financial results, covering the year end 31 August, it reported a 9.3% increase in net asset value, lagging the MSCI AC Asia ex Japan benchmark index which rose 12%. This was, however, a positive shift for the trust overall versus the same period in 2023 when it reported a 16.7% decline in NAV. Regarding performance, chair James Will said there was an «initial weakness in late 2023» but this stabilised by August 2024 following a «reset» when the company merged with abrdn New Dawn trust in November 2023. abrdn and Invesco Asia-focused trusts agree merger to f...

«We expect the market to remain range-bound over the next three months and for a back-loaded recovery as growth picks up,» said Goldman in a client note. «While the structural positive case for India over the medium-term remains intact, we remain tactically neutral on India given slowing growth, high starting valuations and a less supportive domestic and external environment in the near-term.»

Hong Kong stocks are cheap but may miss out on the benefits of China's efforts to support its economy, analysts at Goldman Sachs said, while downgrading their recommendation on the market. «Although valuations are not demanding, Hong Kong does not offer much economic or earnings growth,» Goldman analysts said in an Asia-Pacific portfolio strategy note published on Sunday, which recommended an underweight allocation to Hong Kong.

Under the terms of the tender, released via a stock exchange notice today (13 November), if BGCG's net asset value total return did not exceed the total return of its benchmark – the MSCI China All Shares index- in sterling terms between 29 November 2024 and 30 November 2028, the tender offer will be held «as soon as practicable thereafter», it said. The board noted that a tender offer in December 2028 will give both the trust and its manager, Baillie Gifford, «appropriate time to outperform against its benchmark», and if it is not able to do so, shareholders will be able to take advanta...

Smith took home at least £27.9m before tax, down from £31.2m a year ago, according to the firm's accounts filed on Companies House on Friday (8 November). In the 12-months to 31 March 2024, Fundsmith's profits fell to £46.4m, down from £50m last year, a figure that has resulted in the 17 profit-taking members receiving reduced pay outs.  Terry Smith: Nvidia is too unpredictable for Fundsmith to invest in This comes as Smith's flagship fund, Fundsmith Equity, which manages £22.8bn for its investors, continues to underperform its MSCI World benchmark having made 8.4% versus 19.3%, re...

passive funds when the global index provider MSCI rebalances its index on November 25. In an announcement on Thursday, MSCI said it has added five stocks — BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty — to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.

Indian indices have fallen 7-8% in the last month, wherein US indices have inched up 1-2% and the rest of world, including China, being stable. This could be due to two reasons a) The Chinese stimulus package announced in September to revise their real estate and stock markets b) Weaker than expected earnings results for India Inc. in Q2F2025 so far. FII outflow at over US$ 10 billion has been unprecedented, probably moving into China. The India Earnings growth story has been delayed but not derailed and it is just a matter of time. The themes we would like to be invested in the current environment are largely domestic facing sectors like the capex-related power sector against global, especially since we are having strong economic tailwinds and global headwinds for slowdown in growth. In the global facing sector, we would like to be invested in India’s outsourcing stories like pharmaceuticals.

The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China.

Subscribe to enjoy similar stories. Foreign investors are pulling their money out of India. While that may not be surprising, the question is which global markets are catching the attention of foreign portfolio investors (FPIs) now? The short answer: Apart from China, it was South Korea, Japan and Indonesia.

BSE) and Adani Energy among 6 stocks are likely to be included in the MSCI India Standard Index as part of its rebalancing, according to a report by domestic brokerage firm JM Financial. Based on the prevailing prices, JM Financial expects BSE, Voltas, Adani Energy Solutions, Alkem Laboratories, Oberoi Realty and Kalyan Jewellers to be included in the index.

Chinese stocks as Beijing’s stimulus blitz sets off an epic rally. Just don’t count Rajiv Jain among them. The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12% of the fund — roughly half of the weighting of its benchmark. As a result, the fund’s outperformance this year has been wiped out as the MSCI China Index ripped more than 30% higher in just 10 days.

Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday.

Promoters continue to cash in on the market rally, with those of about 180 companies selling stock worth more than ₹40,000 crore through open market transactions in the September quarter so far, indicating that valuations are rich enough for owners to lock in gains on part of their equity holdings. For the year to date, the value of shares sold by promoters via secondary market has already crossed ₹1 lakh crore. That's more than twice in all of 2023, when the amount stood at ₹48,000 crore. In 2022 and 2021, the numbers were ₹25,400 crore and ₹54,500 crore, respectively.

The MSCI ESG Leaders, MSCI ESG Screened, MSCI ESG Universal and MSCI ESG Focus indices will all see the ESG tag omitted from their names. Meanwhile, the MSCI Sustainable Impact indices will be renamed to MSCI Sustainable Development indices. FCA to allow 'temporary flexibility' on SDR naming and marketing rules Set to take effect from 3 February 2025, MSCI said the decision followed client consultation.  «Through this decision MSCI will continue to provide its global client base with support to meet local regulatory requirements, in this case aligning with new rules on naming susta...

The M&G China fund will focus on a universe of around 300 Chinese companies and will hold between 50 to 80 stocks. The launch of this fund is part of the firm's strategy to make its investment capabilities more widely accessible to external investors, with a focus on the UK wealth managers as they seek to increase their allocation globally.  In addition, it will aim to deliver a higher total return net of ongoing charges figure compared to the MSCI China with 100% China A Share index over any five years. The move comes at a time when Chinese equity valuations have reached all-time ...

Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.