By Rodrigo Campos
NEW YORK (Reuters) -MSCI said on Thursday it will add 42 securities and delete 56 from its widely followed ACWI equity index.
The three largest companies by market capitalization to be added to the developed markets index are Rocket Lab, SoFi Technologies and Affirm Holdings, all headquartered in the United States.
The three largest companies to be added to the emerging markets index are China Citic Bank, Dian Swastatika Sentosa and Laopu Gold.
All changes will be made as of the close of August 26, MSCI said.
Nearly $17 trillion in assets were benchmarked to MSCI indexes at the end of 2024, according to its website. As of last June, there were $2 trillion in equity ETFs linked to its indexes.
As of July 31, the largest country weights in the emerging markets index were China with 29.2%, Taiwan with 19.5%, India with 16.9% and South Korea with 11%.
(Reporting by Rodrigo Campos in New York; Editing by Leslie Adler and Jamie Freed)
