MSCI reshuffle triggers significant fund inflows and outflows
after close1 source ↓written by the desknot a recommendation
- Effective
- 27 Feb 2024
- in inflows
- $257 million
- for L&T Finance
- $238 million
- in outflows
- $142 million
MSCI's recent reshuffle adds Aditya Birla Capital and L&T Finance to its Global Standard Index while removing IRCTC. Effective from 27 Feb 2024, this change is expected to generate $257 million in inflows for Aditya Birla Capital and $238 million for L&T Finance, while IRCTC faces $142 million in outflows. This index adjustment may influence passive fund strategies significantly.
Not investment advice. For informational purposes only.