MSCI Financial News

Momentum traders are modeled to buy equities over the next week regardless of market direction, according to Goldman Sachs Group Inc.’s trading desk.

Vodafone Idea shares. Seven other stocks need up to 10% rise to enter the MSCI index, Nuvama Equities said in a report. These stocks are Oberoi Realty, Zydus Lifesciences, Prestige Estates, Thermax, Nykaa parent FSN E-Commerce Ventures, Alkem Laboratories and Steel Authority of India (SAIL).

The trust's share price declined 5.8% over the year, compared with a 24.4% gain for the MSCI World index and 26.3% for the S&P 500. As a result, throughout the year, its discount widened from 15.4% to 23.3%. However, it noted the discount has since tightened to around 18%. Third Point Investors commits to 25% tender offer after discount hits double-digits This was partly due to TPI's share buyback programme, under which it repurchased around 2.6 million shares worth $51.2m, alongside a 25% stock tender at a 2% discount to NAV in 2024 and 2027, the former having already been trigger...

The AVI Japanese Special Situations fund, which will have a Dublin UCITS structure, with bottom-up and «research-driven approach» to engage with companies. As with the AVI Japan Opportunity trust, launched in 2018, CEO and CIO Joe Bauernfreund will manage the strategy, supported by a Japan-dedicated research team of six.  AVI Japan Opportunity trust dodges widening discount trend as profits rise The strategy will be benchmarked against the MSCI Japan Small Cap index and invest in 25-35 companies. The annual management fee is 1%. «As well as a 40-year track record in global equit...

The AVI Global Special Situations fund follows the existing strategy, which aims to use a bottom-up, research-driven approach to engage with companies to provide value and drive returns. AVI CEO and CIO Joe Bauernfreund, who manages the AVI Global Trust, will also manage the Dublin-domiciled fund along with a research team of 12. Quintet and BlackRock partner for multi-manager US equity launch The fund will be benchmarked against the MSCI AC World index and charge a management fee of 0.75% Bauernfreund said: «We are seeing attractive opportunities in all parts of the equity mark...

Asian shares were mixed on Wednesday as the world's most powerful central banker had a change of heart on U.S. rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady at 154.62 per dollar as the risk of government intervention loomed, although so far there has been no action from Tokyo apart from verbal warnings.

Israel-Iran Tensions Impact: Emerging-market currencies fell to a new low for the year as the dollar extended gains into a fifth day amid heightened geopolitical tensions and after robust US data boosted bets the Federal Reserve will delay interest-rate cuts. Also Read | Israel vows to respond to Iran's drone attack, US military military assets in Middle East | Top 10 updates The MSCI EM Currency Index dropped 0.2% on Tuesday to the lowest since December.

Federal Reserve is unlikely to be in a rush to cut interest rates this year. Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.

The dollar scaled a fresh 34-year high against the yen on growing expectations that sticky inflationary pressures in the United States will keep rates there higher for longer.

HDFC Bank shares, the FII ownership falls, MSCI doubles the weight of the bank in the indices, forcing many FIIs/ETFs/index funds and funds following the benchmark to buy. If you don’t sell, MSCI does nothing, and there is no additional buying’.” Can you understand what is happening here? MSCI is an American company that runs many stock market indices, which are followed by global investors. MSCI periodically adjusts the weightage of stocks in its indices based on factors like the free float. In this instance, Arora creatively uses a movie dialogue to explain the dynamics with HDFC Bank shares. If FIIs sell a few HDFC Bank shares, it could paradoxically trigger increased buying. How? Selling would reduce the free float. MSCI’s methodology would then call for increasing the stock’s weightage in the index. This would compel index funds and ETFs, which mirror the index, to buy more shares to match the higher weightage. Active funds benchmarked to the index may also feel the pressure to add to their positions. On the other hand, if FIIs refrain from selling, MSCI is likely to maintain the HDFC Bank’s current weightage, resulting in no incremental buying pressure from indextracking funds. This happened last week. If the FIIs had collectively sold just 0.05% of the stock, it would have doubled the stock’s weightage. If that had happened, a lot of ETFs and other investors, who were obligated to shadow the index, would have had to double their holdings.

U.S. markets are far outpacing their global counterparts in 2024, continuing a decade-long trend of strong growth compared with the rest of the world

SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF, SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF and SPDR Bloomberg China Treasury Bond UCITS ETF will be delisted from Borsa Italiana on 10 July. On 10 May, SPDR MSCI EM Asia UCITS ETF will be removed from Euronext Paris and SPDR MSCI Japan EUR Hdg UCITS ETF will be taken off the London Stock Exchange. Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers SSGA said it regularly reviews the exchanges ETFs are listed on and in a recent review, decided to delist the funds to «concentrate liquidity» o...

Asian stocks were muted as investors kept watch for possible intervention by Japanese authorities to stop the yen's decline and awaited U.S. inflation data later on Wednesday for clues to future interest rate moves. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2%, after U.S. stocks ended the previous session with mild gains. The index is up 0.2% so far this month.

metals prices extended their gains on Tuesday with expectations of a worldwide manufacturing rebound, while Asian shares crept up a little more cautiously ahead of this week's U.S. inflation data and a crucial European Central Bank meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei rose 0.6%.

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia Corp. and a 50% jump in a key US index for semiconductor manufacturers in less than a year, investors are pointing toward emerging markets for better value and a bigger pool of options.

Stocks on Wall Street rallied and the dollar rose on Friday, as bond prices fell, after another blowout U.S. jobs report suggested the Federal Reserve may delay cutting interest rates while it awaits further inflation data. Gold prices hit record highs and the Mexican peso, which tends to benefit from strong U.S. consumer demand, appreciated the most since late 2015.

geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures above $90 a barrel — a level not seen since last October. [O/R]

HDFC Bank as of March 2024 quarter at 47.83 per cent, declined from 52.39 per cent in the December 2023 quarter. Arora took to social media platform ‘X’ and said, ‘’If HDFC Bank had requested all the FIIs together would have been happy to sell another five bps of stock to satisfy MSCI's bureaucratic requirement.'' Also Read: HDFC Bank: FII ownership declines to 47.8% in the March' 2024 quarter from 52.3% at the end of December'2023 quarter ‘’Imagine- if FIIs had sold five bps more of HDFC Bank in the first quarter, it would have led to billions of dollars of buying in the stock.

The looming “maturity wall" for commercial real-estate loans coming due has been moved back, but it has also gotten taller. Banks’ commercial real-estate loans are now growing at an accelerating rate. In the first quarter of 2024 they grew sequentially 1.2% on a seasonally adjusted basis, according to Federal Reserve data.

Chinese stocks ended slightly lower on Tuesday, as sentiment remained muted between optimism over improved manufacturing activity data and hopes for more stimulus measures. Hong Kong stocks rose, led by energy and technology shares. Xiaomi was under the spotlight, with its shares surging as much as 16%, as the electronics maker's sporty electric vehicle launched last week drew strong interest. ** At the close, the Shanghai Composite index was down 0.08% at 3,074.96, while Hong Kong's main Hang Seng index was up 2.36% ** The blue-chip CSI300 index was down 0.42%, with its financial sector sub-index lower by 0.34%, the consumer staples sector down 0.65%, the real estate index down 3.48% and the healthcare sub-index down 1.28%.

buy India, sell China" has reached an inflection point for some investors. Lazard Asset Management, Manulife Investment Management and Candriam Belgium NV are paring exposure to India after a record-breaking rally. They’re pivoting to former favourite China, as Beijing’s support for its economy spurs a recovery in industrial profit and manufacturing.