MicroStrategy, known for its extensive Bitcoin investments, is set to be included in the prestigious MSCI World Index. Morgan Stanley Capital International (MSCI) regularly reviews the composition of its indices. Following the latest quarterly review, the MSCI World Index will be expanded by 42 companies, including MicroStrategy, while 121 stocks will be removed.
Among the most significant new additions, aside from MicroStrategy, are the data storage company Pure Storage and the engineering and electrical construction company EMCOR. These companies represent the development of the New Economy, according to Kenny Ng, strategist at China Everbright Securities International.
In the MSCI Emerging Markets Index, the Indian Canara Bank, Indonesian chemical company Chandra Asri Pacific, and Indian power producer JSW Energy are among the largest additions. The MSCI Frontier Markets Index is being expanded to include nine companies, including Kazakh airline Air Astana, Croatian appliance manufacturer Koncar Distributivni I, and Romanian telecommunications company Digi Communications.
Additionally, the MSCI ACWI Small-Cap Index records 233 additions and 293 deletions. The MSCI ACWI Investable Market Index experiences 187 additions and 326 deletions, while the MSCI World All shows 113 additions and 83 deletions.
These changes will take effect at the close of trading on May 31st and ensure that investors who invest in MSCI World ETFs from iShares, Invesco, xTrackers, and others, are indirectly involved in Bitcoin from this point on, as MicroStrategy holds significant amounts of the cryptocurrency. The inclusion of MicroStrategy in the MSCI index is seen as another step towards the acceptance of cryptocurrencies in traditional investment portfolios.
