MSCI adds 17 shares to its index, Meituan Dianping, Xiaomi included

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Global indexer MSCI said on Monday that it would add 17 securities to the MSCI ACWI (All Country World Index). The three largest additions measured by market capitalization will be Adyen, KKR and Altice.

Also, Foxconn Industrial Internet Company, Meituan Dianping and Xiaomi are the three largest newly added MSCI Emerging Markets (EM) Indexes, according to the statement.

The MSCI ACWI is a market capitalization-weighted index designed to provide a broad measure of equity-market performance globally, while the MSCI Emerging Markets Index captures large and mid-cap representation across 24 emerging market countries.

Chinese social e-commerce platform Pinduoduo. /VCG Photo

As for MSCI China All Share Indexes, there will be nine additions. The three largest additions measured by full company market capitalization will be Meituan Dianping, Xiaomi and Pinduoduo.

All changes will be implemented as of February 28, 2019, said the statement.

A Xiaomi store in Wuhan. /VCG Photo

In June 2018, the index provider included China A-shares in the MSCI Emerging Markets Index and the MSCI ACWI Index. It also considered an increase in the weight of Chinese shares after including about 234 Chinese big-caps.