VOL. XLIV

No. 22

28-May-2001

CAPITAL MARKETS

MSCI Reweights Global Market Indices

Morgan Stanley Capital International (MSCI) announced on 19 May that it would reweight its global stock market indices to reflect the free floats of global equities. The indices will also be extended to include 85% of the free float-adjusted market capitalization in each industry group, compared with the current 60% of total market capitalization.

The MSCI changes will significantly lower the overall share of the 26...