The document summarizes the key highlights and changes from the May 2017 semi-annual index review for the MSCI Global Investable Market Indexes. Some of the key points include:
- Pakistan's market classification was changed from Frontier Markets to Emerging Markets.
- There were additions of 105 securities and deletions of 36 securities to the MSCI ACWI Index.
- Changes were made to the size segment cutoffs and thresholds.
- Improved liquidity conditions in Peru resulted in two additional investable securities being added to the MSCI Peru Equity Universe.
Monthly newsletter of Griffon Capital, an Iran focused asset management and private equity group covering Iran's capital market and economic developments.
IN THIS ISSUE:
• Record high fiscal-year trade value at IME
• CBI intervention: Rial stabilises, bond prices fall
• FATF continues suspension of countermeasures
• An overview of System Group
Monthly newsletter of Griffon Capital, an Iran focused asset management and private equity group covering Iran's capital market and economic developments.
IN THIS ISSUE:
• Iran’s country risk classification improves
• Stocks and Q3 corporate earnings strong
• Currency weakness accelerates
• An overview of Iran Mercantile Exchange
Monthly newsletter of Griffon Capital, an Iran focused asset management and private equity group covering Iran's capital market and economic developments.
IN THIS ISSUE:
• Equities and fixed income bounce off monthly lows
• FX weakness persists
• CBI maintains close supervision of banks
• An overview of Gharb Cement
• Happy Nowruz!
Partners Wealth Management presents a review of the performance of global capital markets for the first quarter of 2018 and includes a one page piece making the case for personal financial planning in "Sailing with the Tides" on page 16.
Monthly newsletter of Griffon Capital, an Iran focused asset management and private equity group covering Iran's capital market and economic developments.
IN THIS ISSUE:
• Record high fiscal-year trade value at IME
• CBI intervention: Rial stabilises, bond prices fall
• FATF continues suspension of countermeasures
• An overview of System Group
Monthly newsletter of Griffon Capital, an Iran focused asset management and private equity group covering Iran's capital market and economic developments.
IN THIS ISSUE:
• Iran’s country risk classification improves
• Stocks and Q3 corporate earnings strong
• Currency weakness accelerates
• An overview of Iran Mercantile Exchange
Monthly newsletter of Griffon Capital, an Iran focused asset management and private equity group covering Iran's capital market and economic developments.
IN THIS ISSUE:
• Equities and fixed income bounce off monthly lows
• FX weakness persists
• CBI maintains close supervision of banks
• An overview of Gharb Cement
• Happy Nowruz!
Partners Wealth Management presents a review of the performance of global capital markets for the first quarter of 2018 and includes a one page piece making the case for personal financial planning in "Sailing with the Tides" on page 16.
· US equity markets have performed very well but the MSCI World (excluding US) has been relatively subdued and remains 20% below its 2008 peak.
· The global outlook for the twenty-twenties is distinctly ominous with China, Europe, the UK and the US facing systemic challenges.
· High equity yields, creative fiscal measures and unorthodox monetary tools might help markets temporarily but can only delay the day of reckoning.
· The TASI was as much as 19% higher at the end of April ahead of a massive inflow of foreign money but the index trade is now over.
· There are at least seven signs that could limit the scale of the economic rebound and make it difficult for the stock market to move higher.
· Marmore forecasts aggregate GCC profits to decline by 1.8% this year with earnings in Saudi Arabia dropping by 6.1%.
· A lower risk profile can mitigate the lurking dangers as is optimizing portfolios to benefit from falling interest rates and avoiding cyclicals.
AFC Iraq Fund April 2016 Fund FactsheetThomas Hugger
AFC Iraq Fund's investment thesis is to achieve long-term capital appreciation by investing in a diversified portfolio of listed Iraq equities as well as foreign listed companies that derive the majority of their business from Iraq and / or Kurdistan.
DSP World Agriculture Fund -
An open ended Fund of Funds Scheme investing in Agricultural companies through International funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking* :
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of companies in the agriculture value chain
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
· US equity markets have performed very well but the MSCI World (excluding US) has been relatively subdued and remains 20% below its 2008 peak.
· The global outlook for the twenty-twenties is distinctly ominous with China, Europe, the UK and the US facing systemic challenges.
· High equity yields, creative fiscal measures and unorthodox monetary tools might help markets temporarily but can only delay the day of reckoning.
· The TASI was as much as 19% higher at the end of April ahead of a massive inflow of foreign money but the index trade is now over.
· There are at least seven signs that could limit the scale of the economic rebound and make it difficult for the stock market to move higher.
· Marmore forecasts aggregate GCC profits to decline by 1.8% this year with earnings in Saudi Arabia dropping by 6.1%.
· A lower risk profile can mitigate the lurking dangers as is optimizing portfolios to benefit from falling interest rates and avoiding cyclicals.
AFC Iraq Fund April 2016 Fund FactsheetThomas Hugger
AFC Iraq Fund's investment thesis is to achieve long-term capital appreciation by investing in a diversified portfolio of listed Iraq equities as well as foreign listed companies that derive the majority of their business from Iraq and / or Kurdistan.
DSP World Agriculture Fund -
An open ended Fund of Funds Scheme investing in Agricultural companies through International funds
This Open-ended Fund of Funds Scheme is suitable for investors who are seeking* :
1. Long-term capital growth
2. Investment in units of overseas funds which invest primarily in equity and equity related securities of companies in the agriculture value chain
3. High Risk**
*Investors should consult their financial advisors if in doubt about whether the Scheme is suitable for them.
**Risk may be represented as:
Low: Investors understand that their principal will be at low risk
Moderately Low: Investors understand that their principal will be at moderately low risk
Moderate: Investors understand that their principal will be at moderate risk
Moderately High: Investors understand that their principal will be at moderately high risk
High: Investors understand that their principal will be at high risk
2022 Navigate Uncertainty with the Right Asset AllocationQuantum Mutual Fund
Through this deck, find how to navigate uncertainty with prudent asset allocation by dividing investments across equity, debt and gold asset classes to help achieve your goals and minimize downside risks
www.quantumamc.com
Wilshire Liquid Alternatives Industry Monitor - Second Quarter 2020Wilshire
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Similar to MSCI WEBINAR 18 MAY 2017 FOR INCLUSION OF PSX STOCKS (20)
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This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
3. MSCI Equity Indexes:
changes implemented subject to
security and market suspensions
MSCI Style
Indexes
MSCI
Thematic
Indexes
MSCI ESG
Indexes
MSCI
Strategy
Indexes
MSCI
Custom
Indexes
INDEX REVIEW SCHEDULE
3
MSCI Global Investable Market Indexes
MSCI Country and Regional Indexes, MSCI Size Indexes,
MSCI Sector Indexes
Announcement
Date:
May 15, 2017
Price Cutoff
Date:
Apr 20, 2017
Announcement
Date (T-9/ T-5):
May 19, 2017
May 25, 2017
Effective Date:
Jun 1, 2017
4. • Fully reassess equity
investable universe and
size-segmentation
• Update Foreign Inclusion
Factors (FIFs) and
Number of Shares (NOS)
for the whole equity
universe (May only)
Semi-Annual
Index
Reviews
(SAIRs) in
May and
November of
the Size
Segment
Indexes:
• Reflect only large newly
eligible securities, such
as IPOs
• Reassess size only for
securities with very
large changes
• Reflect the impact of
significant market
events on FIFs and
update NOS
Quarterly
Index
Reviews
(QIRs) in
February and
August of
the Size
Segment
Indexes:
EQUITY INDEX MAINTENANCE CYCLE
4
Rebalancing
Cycles for
Equity
Indexes
MAY SAIR
•Additions/Deletions
•NOS/FIF changes
•Migrations
AUG QIR
•Large additions
•NOS/FIF changes
•Migrations
NOV SAIR
•Additions/Deletions
•NOS/FIF changes
•Migrations
FEB QIR
•Large additions
•NOS/FIF changes
•Migrations
Corporate
Events
Corporate
Events
Corporate
Events
Corporate
Events
5. INDEX PERFORMANCE
5
MSCI ACWI IMI PERFORMANCE
From November 2016 SAIR to May 2017 SAIR cutoff dates
75
80
85
90
95
100
105
110
115
Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17
ACWI IMI
WORLD IMI
EMERGING MARKETS IMI
6. CHANGES IN GLOBAL MINIMUM SIZE REFERENCES
6
% Market
Coverage
Developed Markets Emerging Markets
(50% of DM)
May-17 Nov-16 May-17 Nov-16 % Change
Universe
70% Large Cap 15,008 14,361 7,504 7,180 +4.5%
85% Mid Cap 5,500 5,077 2,750 2,538 +8.3%
99% Small Cap 579 527 289 263 +9.9%
Note: All market caps are in USD millions. Data as of the close of April 20, 2017 and October 19, 2016 for the May 2017 Semi-Annual Index Review and November 2016 Semi-Annual Index
Review, respectively.
7. KEY HIGHLIGHTS FOR THE MSCI GIMI
7
Americas
•US: 21 migrations from
Small Cap to Mid Cap
following market
outperformance
EMEA
•Nigeria: Special treatment is
maintained
+105 -36 +72 -22 +131 -99
Asia Pacific
•Pakistan: Reclassification of
MSCI Pakistan Indexes to EM
from FM
REMINDER: MSCI Pakistan Indexes to be reclassified in EM as part of May 2017 SAIR
Americas IMI EMEA IMI Asia Pacific IMI
+10 -2
+95
-34
ADDITIONS DELETIONS
DM
EM
+12 -12
+60
-10
ADDITIONS DELETIONS
DM
EM
1.7%
0.7%
EM Turnover
DM Turnover
2.2%
0.8%
EM Turnover
DM Turnover
+106 -84
+25
-15
ADDITIONS DELETIONS
DM
EM
1.9%
1.2%
EM Turnover
DM Turnover
9. UPDATED CUTOFFS – STANDARD SIZE-SEGMENT
9
DEVELOPED MARKETS EMERGING MARKETS
Cumulative Free Float-Adjusted Coverage
FullCompanyMarketCapitalization
Cumulative Free Float-Adjusted Coverage
Increase in Segment Number of Companies
Decrease in Segment Number of Companies
FullCompanyMarketCapitalization
10. ADDITIONS TO THE MSCI ACWI INDEX
10
EMEAAsiaPacificAmericas
# of Additions
25:
10:
22:
Selected Additions
Country Weight Comment
JP Kyushu Railway Co 0.17% IPO
IN Indian Oil Corp 0.96% Increase in FIF
TW Taiwan High Speed Rail 0.24% Listing change
Country Weight Comment
AE Damac Properties Dubai 3.94% Increase in FIF
GB Convatec Group 0.19% IPO
RU Novolipetsk Steel (Rub) 1.35% Increase in FIF
7
15
Migrations
Additions to
IMI
Country Weight Comment
US Athene Hldg Ltd Class A 0.02% IPO
BR Transmissora Alianc Unit 0.42% Float Market Cap
CO Bancolombia 10.12% Improved Liquidity
11. DELETIONS FROM THE MSCI ACWI INDEX
11
EMEAAsiaPacificAmericas
11:
7:
10:
Selected Deletions# of Deletions
Country Weight Comment
HK Cathay Pacific Airways 0.36% Float Market Cap
CN China Huishan Dairy Hldg 0.02% Migration
Country Weight Comment
BR AES Tiete Energia UNIT 0.25% Migration
US Southwestern Energy Co 0.02% Migration
Country Weight Comment
FR Sfr Group 0.20% Decrease in FIF
EG Tmg Holding 7.23% Migration
12. SELECTED SECURITIES WITH WEIGHT CHANGES
12
MSCI ACWI
DMEM
1,209
2,508
With FIF/ NOS Changes
Total Constituents
Note: All market caps are in USD millions. Data as of the close of April 20, 2017
Full Company
Mcap
Country
Weight
Cty Wt
Change
Current
FIF
New
FIF
NOS
Change
Comment
AT Raiffeisen Bank Intl 6,830 11.25% +2.13% 0.4 0.45 +12.27% Acquisition of unlisted
IT Fiat Chrysler Automobile 15,669 3.83% +0.47% 0.7 0.7 +18.54% Conversion of debt to equity
Full Company
Mcap
Country
Weight
Cty Wt
Change
Current
FIF
New
FIF
NOS
Change
Comment
IN ICICI Bank 24,581 2.27% +1.07% 0.19 0.37 +0.04% Increase in Foreign Room
PL Polski Koncern Naf Orlen 12,074 15.05% -1.23% 0.75 0.7 0.00% Block buy
Examples
Examples
13. HISTORY OF ADDITIONS AND DELETIONS
13
MSCI ACWI IMI
• Relatively low number of
deletions at the May
2017 SAIR compared to
previous SAIRs
• Net increase in
constituents for the MSCI
World IMI (+121)
• Net increase also for the
MSCI EM IMI (+30), due
to the inclusion of
Pakistan
14. Addition of Foreign
Listings
TURNOVER ANALYSIS – ACWI IMI
14
HISTORICAL INDEX TURNOVERTURNOVER BREAKDOWN
Note: The total turnover figures do not correspond to the sum of turnover
attributions, as duplication might exist across these.
PK
Reclassifi
cation
15. • The MSCI Pakistan Index will be reclassified from the MSCI Frontier Markets Index to the MSCI
Emerging Markets Index effective June 1, 2017
• The MSCI Pakistan Indexes will be made to fully converge with the MSCI Provisional Pakistan
Indexes and from that point follow Emerging Markets size and liquidity requirements
RECLASSIFICATION OF MSCI PAKISTAN INDEXES
15
Current Indexes Pro Forma Indexes
MSCI Pakistan Indexes
(Frontier Markets)
Index Market
Cap
# Sec Weight in
FM
Standard 10,131 16 9.07%
Small Cap 3,655 22 10.35%
MSCI Pakistan Indexes
(Emerging Markets/ Pro Forma)
Index Market
Cap
# Sec. Weight in
EM
Standard 6,344 6 0.14%
Small Cap 7,748 27 1.11%
converged
rebalanced
Adds Dels
One-Way
Index
Turnover
Standard 0 -10 30.0%
Small Cap +11 -6 55.4%
Adds Dels
One-Way
Index
Turnover
Standard 0 -1 11.4%
Small Cap +9 -1 30.6%
MSCI Provisional Pakistan Indexes
(Emerging Markets)
Index Market
Cap
# Sec. Weight in
EM
Standard 6,826 7 N/A
Small Cap 5,448 19 N/A
Note: All market caps are in USD millions. Data as of the close of April 20, 2017
16. RECLASSIFICATION OF MSCI PAKISTAN INDEXES
16
MSCI Pakistan Index
(Frontier Markets/
Current)
MSCI Provisional
Pakistan Index
(Current)
MSCI Pakistan Indexes
(Pro Forma)
Security Name Index Weight
in Index
Index Weight
in Index
Index Weight
in Index
Oil & Gas Development Large Cap 9.47% Large Cap 12.67% Large Cap 15.12%
Habib Bank Large Cap 14.85% Mid Cap 19.88% Mid Cap 23.72%
Pakistan Petroleum Large Cap 2.51% None - None -
United Bank Large Cap 11.14% Mid Cap 14.91% Mid Cap 17.80%
Lucky Cement Mid Cap 14.57% Mid Cap 19.49% Mid Cap 16.92%
MCB BANK Large Cap 11.27% Mid Cap 15.08% Mid Cap 12.60%
K-Electric Large Cap 1.06% None - None -
Engro Corporation Mid Cap 8.67% Mid Cap 11.60% Mid Cap 13.85%
Hub-Power Co Mid Cap 5.81% Small Cap - Small Cap -
Indus Motor Company Mid Cap 2.55% Small Cap - Small Cap -
National Bank Pakistan Mid Cap 3.12% Small Cap - Small Cap -
Fauji Fertilizer Co Mid Cap 4.76% Mid Cap 6.37% Small Cap -
Pakistan State Oil Co Mid Cap 5.61% Small Cap - Small Cap -
Pakistan Oilfields Mid Cap 3.18% Small Cap - Small Cap -
Pakistan Telecom Mid Cap 0.69% None - None -
Fatima Fertilizer Mid Cap 0.74% None - None -
Note: Data as of the close of April 20, 2017
Security Level Changes in the MSCI Pakistan Index
17. MARKETS UNDER REVIEW
17
MSCI China A Index
• On the review for potential addition to Emerging Markets. Revised proposal was
announced on March 22, 2017.
MSCI Nigeria Index
• On the review list for potential reclassification to Standalone status, as the situation
with liquidity in the foreign exchange market remained challenging.
MSCI Argentina Index
• On the review list for a potential reclassification from Frontier Markets to Emerging
Markets following removal of the capital controls.
18. MARKET CLASSIFICATION SCENARIOS
18
CONSULTATION LEAD TIME
CONSULTATION
CONSULTATION
Inclusion in the
Review List
Confirmation of
the reclassification
Implementation
Inclusion in the
Review List
Decision to extend
the consultation
Inclusion in the
Review List
Reclassification
rejected
CONSULTATION
Final decision
19. 0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
7.00%
Jan-15
Mar-15
May-15
Jul-15
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
Liquidity in Peru Equity Universe
Median 12M ATVR
• Following improved trading liquidity in Peru, there are two additional investable securities
in the MSCI Peru Equity Universe, bringing the total constituents for the MSCI Peru IMI to
five
IMPROVING LIQUIDITY CONDITIONS IN PERU
19
MSCI Peru
IMI
MSCI Peru Small Cap Index
Note: All market caps are in USD millions. Data as of the close of April 20, 2017
Country Company
Mkt Cap
Index Mkt
Cap
Comment
PE 2,015 655 Improved liquidity
PE 519 414 Improved liquidity
Security Name
Volcan Compania Minera B
Grana Y Montero ADR
20. For more than 40 years, MSCI’s research-based indexes and analytics have helped the world’s
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For more information, visit us at www.msci.com.
ABOUT MSCI
20
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